Hertz Shares Plunge as Much as 13% on Pershing Square Stake Sale
HTZ Hertz Global Holdings Inc
$2.35 -16.25%
View chart & analysis → - 1Hertz Global Holdings (HTZ) shares fell as much as 13% on news of Pershing Square's sale of its stake.
- 2CIO Ryan Israel said he lost confidence in Hertz's management after the funding announcement, which he viewed as unnecessary.
- 3The decline snapped an 85% rally over the previous six trading sessions through Wednesday's close.
This 3-line summary is compiled from the report below.
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