US EditionWhat's Going On With Avis Budget Group (CAR) Stock? - Avis Budget Gr (NASDAQ:CAR), Hertz Global Holdings (NASDAQ:HTZ)
- Bill Ackman's Pershing Square accumulated shares in rental-car company Hertz, attracting investor attention.
- Hertz had emerged from bankruptcy in 2021 after a period of financial difficulty and a bet on EVs.
- Pershing Square built a 19.8% position in Hertz through shares and swaps, becoming its second-largest shareholder.
- A regulatory filing revealed that Pershing Square had 4.1% ownership of Hertz as of December 31.
- Hertz's stock surged 56% on Wednesday, while Avis also saw gains, as investors poured into rental car companies.
13 Articles
13 Articles
ThePatriotLight - Hertz’s Unusual Options Activity Provides a Slew of Strategies to Ride Bill Ackman’s Coattails
ThePatriotLight - Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Need More Chart Options? Right-click on the chart to open the Interactive Chart menu. Use your up/down arrows to move through the symbols. Hertz’s Unusual Options Activity Provides a Slew of Strategies to Ride Bill Ackman’s Coattails
Hertz Stock Spikes After Bill Ackman Reveals $46 Million Stake
Hertz stock rallies after SEC filings show that Bill Ackman's Pershing Square has taken a large stake in the car rental company. The post Hertz Stock Spikes After Bill Ackman Reveals $46 Million Stake appeared first on Investor's Business Daily.
What's Going On With Avis Budget Group (CAR) Stock? - Avis Budget Gr (NASDAQ:CAR), Hertz Global Holdings (NASDAQ:HTZ)
Avis Budget stock jumped as Bill Ackman disclosed a large stake in Hertz. Investors may view Avis as a strong, more reliable play on rental car recovery.
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