Hertz Global Holdings Inc (HTZ) has been under a strong bear grip, hence the stock is down -2.52% 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 9.05% in the past 1 week. The stock has risen by 9.02% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.15% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 5.78% and the 50-Day Moving Average is 5.62%.
Hertz Global Holdings Inc (NYSE:HTZ): The stock opened at $50.74 on Friday but the bulls could not build on the opening and the stock topped out at $51.89 for the day. The stock traded down to $50.62 during the day, due to lack of any buying support eventually closed down at $51.00 with a loss of -0.62% for the day. The stock had closed at $51.32 on the previous day. The total traded volume was 994,048 shares.
Also, Brokerage firm Deutsche Bank maintains its rating on Hertz Global Holdings Inc (NYSE:HTZ). As per the latest information, the brokerage house lowers the price target to $63 per share from a prior target of $76. The shares have been rated Buy. 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.