Hertz Global Holdings Inc’s recently made public that its Director FIELDS MARK unloaded Company’s shares for reported $0.3 million on Nov 22 ’24. In the deal valued at $4.05 per share,75,000 shares were sold. As a result of this transaction, FIELDS MARK now holds 301,135 shares worth roughly $1.48 million.
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Then, FIELDS MARK sold 25,000 shares, generating $109,000 in total proceeds. Upon selling the shares at $4.36, the Director now owns 276,135 shares.
Before that, West W Gilbert bought 250,000 shares. Hertz Global Holdings Inc shares valued at $1,114,100 were divested by the CEO at a price of $4.46 per share. As a result of the transaction, West W Gilbert now holds 2,160,369 shares, worth roughly $10.63 million.
JP Morgan downgraded its Hertz Global Holdings Inc [HTZ] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid September with a ‘”an Underweight”‘ rating. BofA Securities also remained covering HTZ and has decreased its forecast on April 26, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Goldman revised its rating on April 04, 2024. It rated HTZ as “a Sell” which previously was an “a Neutral”.
Price Performance Review of HTZ
On Friday, Hertz Global Holdings Inc [NASDAQ:HTZ] saw its stock jump 6.49% to $4.92. Over the last five days, the stock has gained 26.64%. Hertz Global Holdings Inc shares have fallen nearly -52.65% since the year began. Nevertheless, the stocks have fallen -40.94% over the past one year. While a 52-week high of $10.82 was reached on 01/02/24, a 52-week low of $2.47 was recorded on 09/11/24. SMA at 50 days reached $3.41, while 200 days put it at $4.59.
Levels Of Support And Resistance For HTZ Stock
The 24-hour chart illustrates a support level at 4.63, which if violated will result in even more drops to 4.34. On the upside, there is a resistance level at 5.26. A further resistance level may holdings at 5.61. The Relative Strength Index (RSI) on the 14-day chart is 74.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.84%. Stochastics %K at 86.23% indicates the stock is a selling.
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 2024-11-15, growing by 6.34 million shares to a total of 43.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 37.01 million shares. There was a rise of 14.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 19, 2024 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $9 price target.
