Pershing Square becomes the second-largest shareholder of Hertz Global! Troubled car rental company rises by 56%!
Reading Time: 5 minutes
The shares of car rental company Hertz Global Holdings (HTZ) surprisingly rose by over 56% to $5.71 on Wednesday, April 16, 2025, after it was announced that an activist investor had acquired a large equity stake. There was also some movement in after-hours trading, with the price climbing another 30% to $7.64. Volatility is expected to increase significantly, as the short interest in Hertz totals 17.3% of the entire float. Car rental company focuses on a large vehicle fleet, car sharing, and ride services Hertz Global Holdings is one of the...
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