Hertz Global Holdings Inc.’s filing revealed that its CEO West W Gilbert acquired Company’s shares for reported $1.11 million on Apr 30 ’24. In the deal valued at $4.46 per share,250,000 shares were bought. As a result of this transaction, West W Gilbert now holds 2,160,369 shares worth roughly $6.63 million.
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Barclays initiated its Hertz Global Holdings Inc. [HTZ] rating to an Underweight in a research note published on September 19, 2024; the price target was $3. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late April from “a Neutral” to “an Underperform”. Goldman also remained covering HTZ and has decreased its forecast on April 04, 2024 with a “Sell” recommendation from previously “Neutral” rating. BofA Securities started covering the stock on March 19, 2024. It rated HTZ as “a Neutral”.
Price Performance Review of HTZ
On Friday, Hertz Global Holdings Inc. [NASDAQ:HTZ] saw its stock fall -2.54% to $3.07. Over the last five days, the stock has lost -7.53%. Hertz Global Holdings Inc. shares have fallen nearly -70.45% since the year began. Nevertheless, the stocks have fallen -73.02% over the past one year. While a 52-week high of $11.71 was reached on 01/02/24, a 52-week low of $2.47 was recorded on 09/11/24. SMA at 50 days reached $3.28, while 200 days put it at $5.52.
Levels Of Support And Resistance For HTZ Stock
The 24-hour chart illustrates a support level at 3.02, which if violated will result in even more drops to 2.97. On the upside, there is a resistance level at 3.13. A further resistance level may holdings at 3.20. The Relative Strength Index (RSI) on the 14-day chart is 43.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.33%. Stochastics %K at 14.08% indicates the stock is a buying.
How much short interest is there in Hertz Global Holdings Inc.?
A steep rise in short interest was recorded in Hertz Global Holdings Inc. stocks on 2024-09-30, dropping by -2.16 million shares to a total of 35.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 37.9 million shares. There was a decline of -6.05%, which implies that there is a negative sentiment for the stock.
