Hertz Global Holdings in our Pivotal Point Check: Star Investor Bill Ackman Acquires 19.8% - Stock Soars Over 50%!
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Bill Ackman's Pershing Square acquires a 19.8% stake in Hertz. Despite the positive stock reaction, the car rental company reports significant losses. Even though the turnaround hopes are high, operational risks remain substantial. Hertz's shares surged over 50% on April 16, 2025. The reason was that hedge fund manager Bill Ackman disclosed a significant position in the US-based car rental company through his investment firm, Pershing Square Capital Management. The activist investment firm purchased 12.7 million shares worth approximately...
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