Hertz Stock Accelerates Into The Close, Shares Continue To Move Higher After Hours: Here's Why
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Hertz Global Holdings shares surged 56.44% to $5.71 before closing, with an additional 16.11% rise in after-hours trading to $6.63. The increase follows Bill Ackman's Pershing Square Capital Management revealing a significant stake in the company, reportedly up to 19.8%. This optimism is linked to potential management changes and a favorable tariff situation for used cars. Hertz is set to report Q1 earnings on May 12, with analysts predicting a loss of 96 cents per share and revenue of $2.01 billion.
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