What in the World Just Happened to Hertz Stock?

What in the World Just Happened to Hertz Stock?

The New York Stock Exchange (NYSE), owned by Intercontinental Exchange (NYSE: ICE), announced that the staff of NYSE Regulation has suspended trading of Hertz Global Holdings (NYSE: HTZ). The NYSE will now file a delisting application with the Securities and Exchange Commission. Delisting is widely viewed as a negative development, and that is certainly true in Hertz's case.