Hertz Global Holdings Inc (HTZ) Files Form 4 Insider Buying : Tyler Best Buys 45,000 Shares

Hertz Global Holdings Inc (HTZ): Tyler Best , Exec VP and CIO of Hertz Global Holdings Inc purchased 45,000 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.02 per share for a total value of $451,080.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Tyler Best (Exec VP and CIO) purchased 45,000 shares at $10.02 per share price.On Jun 3, 2016, Alexandria Panot Marren (EVP, N.American Car Rental Ops) purchased 10,000 shares at $9.90 per share price.Also, On May 17, 2016, Jeffrey T. Foland (Sr Ex VP, Chief Revenue Office) purchased 65,000 shares at $7.63 per share price.On May 17, 2016, Thomas C Kennedy (CFO) purchased 40,000 shares at $7.76 per share price.

Shares of Hertz Global Holdings Inc (HTZ) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.24 points or -2.33% at $10.05 with 94,56,350 shares getting traded. Post opening the session at $10.24, the shares hit an intraday low of $9.74 and an intraday high of $10.26 and the price vacillated in this range throughout the day. The company has a market cap of $4,265 M and the number of outstanding shares has been calculated to be 42,44,18,100 shares. The 52-week high of Hertz Global Holdings Inc is $21.31 and the 52-week low is $6.945.

Hertz Global Holdings Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Hertz Global Holdings Inc is Downgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 12, 2016.Hertz Global Holdings Inc is Reiterated by MKM Partners to Buy while Lowering the Price Target of the company shares to $ 16 from a previous price target of $17 . The Rating was issued on Apr 11, 2016.Hertz Global Holdings Inc is Initiated by Sterne Agee CRT to Neutral. The Rating was issued on Mar 22, 2016.

Hertz Global Holdings Inc. is a holding company. The Company operates car rental business through its Hertz Dollar Thrifty and Firefly brands. The Company’s 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 10880 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 9395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1380 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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