Why Hertz Stock Tumbled and Then Recovered Today
Hertz(HTZ) The Motley Fool·2024-11-13 04:49
The car rental company's stock made a surprising recovery after a disappointing earnings report.Hertz Global Holdings (HTZ 9.94%) stock initially tumbled Tuesday by as much as 11.9% after the car rental giant posted a disappointing third-quarter earnings report before the opening bell. However, the stock then made a surprising recovery over the course of the session, and was up by 9.2% as of 3:20 p.m. ET.Here's why. Hertz misses the markInvestors clearly didn't like Hertz's report at first glance, and it's ...