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Hertz Global Holdings (NASDAQ: HTZ) stock is flying on Friday, up 14.1% through 1:30 p.m. ET, and for a most peculiar reason: Hertz is taking on a lot of debt, and at very high interest rates.
Since the start of 2024, Hertz Global Holdings (NASDAQ: HTZ) stock has fallen about 60%. Its market value has fallen from a peak of about $12.5 billion to about $1 billion.
Hertz Global Holdings, Inc. (HTZ) closed at $17.16 in the latest trading session, marking a +0.65% move from the prior day. Hertz Global Holdings, Inc. (HTZ) Gains As Market Dips: What You Should Know
Hertz Global Holdings, Inc. (formerly The Hertz Corporation ), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental and Thrifty Car Rental . It is one of the three big rental car holding companies in the United ...
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
Hertz Global Holdings, Inc. (HTZ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
As more people start traveling after a two-year pandemic, many investors are looking at a revival in the car rental sector for new investment opportunities. One of the biggest companies in this ...
Hertz Global (HTZ) suffers due to headwinds like high costs and struggles associated with the U.S. car rental industry.