Why Is Hertz Stock Falling on Thursday?
Hertz Global Holdings Inc. (NASDAQ: HTZ) stock fell after Bill Ackman's Pershing Square exited its position, interrupting a retail rally driven by Q2 earnings and high short interest.
A big investor named Bill Ackman sold all his Hertz shares, which surprised people who were excited about the company's good earnings report. When important investors leave, it can make other people nervous, even if the company's recent results looked okay.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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