1:55 PM · 16 April 2025

Hertz shares surge 20% as Ackman's Pershing Square discloses significant stake

Hertz
Stocks
HTZ1.US, Hertz Global Holdings Inc
-
-

Shares of US global car rental company Hertz (HTZ1.US) surge almost 20% as Bill Ackman's Pershing Square disclosed a significant position in the company. The activist investment firm bought 12.7 million shares valued at about $46.5 million at the time of the purchase, according to the filling published Wednesday, becoming one of Hertz’s largest shareholders. Hertz still faces debt and operational problems, affecting its business model and path to profitability. The company will report Q1 earnings 12 May. Shares of Hertz may test today EMA200 resistance at $4.55 on the news, at the US market open.

 

Source: xStation5

15 October 2025, 5:10 PM

TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?

15 October 2025, 3:05 PM

US Open: American Indices Rally on Anticipated End of Fed Balance Sheet Reduction

15 October 2025, 2:53 PM

Bank of America, Wells Fargo, and Morgan Stanley: Q3 2025 Earnings Overview

15 October 2025, 1:24 PM

Abbott reports no surprises in Q3, but tariff risks and lowered forecasts drag the share price down💡

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits