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Hertz Heads for Record Weekly Drop on Funding Plan, Profit Guide

Hertz Heads for Record Weekly Drop on Funding Plan, Profit Guide
Bloomberg Markets Thursday 25 June 2026, 17:16 UTC By Jordan Fitzgerald 1 min read
Key Points

Hertz Heads for Record Weekly Drop on Funding Plan, Profit Guide A record-setting rout in Hertz Global Holdings Inc. stock is continuing for a second day. The rental-car chain saw its shares plummet 41% on Wednesday after announcing a concurrent stock issuance and bond offering, and reporting preliminary earnings that fell short of analyst hopes. Shares are down a further 11% on Thursday, putting Hertz on track for its biggest weekly decline since the stock re-listed in 2021 after emerging...

Hertz Heads for Record Weekly Drop on Funding Plan, Profit Guide A record-setting rout in Hertz Global Holdings Inc. stock is continuing for a second day. The rental-car chain saw its shares plummet 41% on Wednesday after announcing a concurrent stock issuance and bond offering, and reporting preliminary earnings that fell short of analyst hopes. Shares are down a further 11% on Thursday, putting Hertz on track for its biggest weekly decline since the stock re-listed in 2021 after emerging from bankruptcy.
Hertz Heads (PERSON) Record Weekly Drop (ORG) Profit Guide (ORG) Hertz Global Holdings Inc. (ORG) Hertz (ORG)
Originally published by Bloomberg Markets Read original →

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