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Data News > Pre Market Movers: Hertz Shares Soar in Pre-Market Following Bill Ackman's Investment

Pre Market Movers: Hertz Shares Soar in Pre-Market Following Bill Ackman's Investment

By KlickAnalytics Data Insights  |   April 17, 2025 08:09AM ET

Key Points - Hertz shares surge in pre-market trading after Bill Ackman's significant investment - Hertz Global experienced a 56.4% increase in stock price during the previous session - Earnings estimate revisions may not sustain the stock's upward momentum -
CNBC's Andrew Ross Sorkin provides insight on Hertz's recent performance Hertz Global's stock prices skyrocketed in pre-market trading once again after billionaire investor Bill Ackman made a substantial investment in the rental car company. This surge comes on the heels of a significant 56.4% increase in Hertz Global's stock price during the previous trading session, accompanied by higher-than-average trading volume. Despite the recent positive momentum, analysts are cautious about the sustainability of Hertz Global's upward trajectory due to the latest trend in earnings estimate revisions. The stock's performance may not continue to climb in the near term as uncertainties persist in the market. CNBC's Andrew Ross Sorkin has been closely following the developments surrounding Hertz Global, providing viewers with timely updates on the company's stock performance and any notable news impacting its market value. As investors worldwide monitor Hertz Global's movements, the company's future remains uncertain amidst the ever-changing market conditions and economic landscape. Hertz Global's stock surge, fueled by Bill Ackman's investment, has captured the attention of market participants and analysts alike. Despite the impressive gains in recent trading sessions, concerns remain regarding the stock's long-term sustainability given the current economic uncertainties.
About HTZ
Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida. For more information:
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