About Hertz Global Holdings, Inc - Common Stock (HTZ)
Hertz Global Holdings Inc is a prominent player in the vehicle rental industry, offering a diverse range of rental cars and services to both leisure and business travelers. With a strong presence in airports and urban locations, Hertz provides customers with flexible rental options and a variety of vehicle choices, from economy cars to luxury vehicles and SUVs. The company is also focused on enhancing the customer experience through technology, including mobile apps and online booking platforms, while promoting environmentally friendly practices through investments in electric and hybrid vehicle fleets. Hertz is committed to sustainability and aims to provide innovative transportation solutions while maintaining a dedication to safety and quality service. Read More
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Looking for insights into the US markets one hour before the close of the markets on Thursday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
Billionaire hedge fund manager Bill Ackman posted his investment thesis for Hertz on Thursday, one day after disclosing his fund, Pershing Square, had built a sizable stake in the car rental company.
Hertz Global Holdings Inc (NASDAQ:HTZ) shares are ripping higher Thursday after rallying 56% on Wednesday following reports that Bill Ackman's Pershing Square Capital Management built a sizable stake in the rental car company.
Shares of global car rental company Hertz (NASDAQ:HTZ)
jumped 57.9% in the pre-market session after reports revealed that Bill Ackman's Pershing Square had an even bigger stake in the company, a day after the hedge fund acquired $46.5m of the company's stock. Notably, CNBC reported that Pershing Square's total position was about 19.8%, including shares and swaps, making it the company's second-largest shareholder.
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