Hertz Rebounds 16% From a Record Low; Avis Climbs 5%, Ryder Ticks Up
Hertz Global Holdings shares rebounded 16% from a record low as beaten-down rental stocks rose, while the wider transportation sector slipped. Avis gained 5% and Ryder ticked up.
Why it matters — The rebound puts HTZ’s sharp move in context with gains among other rental-related stocks despite weakness in the broader transportation sector.