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
Alibaba sell-off extends amid White House national security concerns📌
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈
Micron Surges on Record DRAM Pricing