Car rental company Hertz Global Holdings (OTCMKTS:HTZGQ) has been in sharp focus among investors in recent times and that can be seen from the price action in its stock. The Hertz Global stock ended the previous week with gains of 12% which took its gains for the past month to as much as 40%. The Hertz stock is on the rise owing to considerable optimism among investors before the company emerged from bankruptcy on June 30, 2021.
In addition to that, there seems to belief among investors about the pricing of car rentals and the fact that the stock is available at a discount compared to rival operator Avis Budget Group is another factor.
Once the company comes out of bankruptcy, the Hertz Global balance sheet is also going to be strengthened and the company is also expected to have more cash for growing its business further. Investors could consider adding the stock to their watch lists.
On Friday, HTZGQ stock fell by 3.60% to $8.09 with more than 5.12 million shares, compared to its average volume of 8.23 million shares. The stock has moved within a range of $7.50 – 8.45 after opening the trade at $8.42. Over the past 52-week, the stock has been trading within a range of $0.41 – 8.89.
|+/- EMA(20)||6.83 (+18.45%)|
|+/- SMA(50)||4.63 (+74.73%)|
|+/- SMA(200)||2.21 (+266.06%)|