Hertz Global (NYSE:HTZ) Trading 5.5% Higher - Here's Why

Key Points

• Hertz Global Holdings shares rose by 5.5%, trading at approximately $6.45, marking a significant move from the previous close at $6.11.
• Despite the recent price increase, trading volume decreased sharply, with around 1.26 million shares exchanged, only 12% of its average daily volume of 10.62 million.
• Hertz operates as a vehicle rental company with a market cap of $2 billion and offers services under several brands, indicating its broad international presence.

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report) shares rose 5.5% on Wednesday . The company traded as high as $6.60 and last traded at $6.45. Approximately 1,262,073 shares traded hands during trading, a decline of 88% from the average daily volume of 10,622,168 shares. The stock had previously closed at $6.11.

Hertz Global Stock Performance

The company has a market cap of $2.09 billion, a P/E ratio of -0.82 and a beta of 2.13. The business's fifty day moving average is $6.22 and its two-hundred day moving average is $5.94.

Hertz Global Company Profile

Hertz Global Holdings, Inc operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand.