GeneralBearishBlockonomi · Jun 256/10
📰
Hertz (HTZ) Stock Plunges 41% in Historic Single-Day Collapse
Hertz stock collapsed 41% in a single trading session following the rental car company's announcement of reduced Q2 EBITDA guidance and a $450M capital raise through stock and convertible notes. The steep decline reflects deepening challenges in the used-car market and investor concerns about the company's financial trajectory.
