Hertz Global Holdings Inc (HTZ) Shares are Up 0.09%

Hertz Global Holdings Inc (HTZ) has been under a strong bear grip, hence the stock is down -8.76% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.03% in the past 1 week. The stock has risen by 0.09% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.82% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 2.77%. Hertz Global Holdings Inc (NYSE:HTZ): stock turned positive on Friday. Though the stock opened at $45.11, the bulls momentum made the stock top out at $46.91 level for the day. The stock recorded a low of $45.02 and closed the trading day at $46.78, in the green by 3.15%. The total traded volume for the day was 1,450,818. The stock had closed at $45.35 in the previous days trading.


The company Insiders own 0.4% of Hertz Global Holdings Inc shares according to the proxy statements. Institutional Investors own 1.73% of Hertz Global Holdings Inc shares. Also, Deutsche Bank maintains their rating on the shares of Hertz Global Holdings Inc (NYSE:HTZ). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $63 per share from $76 per share. The rating by the firm was issued on August 10, 2016.

Hertz Global Holdings, Inc. is a holding company. The Company operates car rental business through its Hertz, Dollar, Thrifty and Firefly brands. The Companys operating segments are U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations. As of December 31, 2014, the Company operated 10,880 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Its brands maintain separate airport counters, reservations and reservation systems, marketing and all other customer contact activities. Its Hertz brand has approximately 9,395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1,380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.

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