Shares in Hertz Global Holdings Inc., after a brief head-scratching rally, are now in danger of being ejected from the New York Stock Exchange, calming a speculative frenzy around the bankrupt car-rental company. Hertz said Wednesday it was appealing an NYSE delisting decision that would push trading of the company’s shares to over-the-counter platforms. Delisting typically drains value from equities as investors lose confidence, raising risks for the many inexperienced traders who piled into Hertz after it filed for bankruptcy...

Source: Wall Street Journal June 10, 2020 17:03 UTC