1 Day
Source:
المشهد العربي
Hertz shares fall after Berkshire exit
The stock of Hertz Global Holdings, a car rental company, has significantly declined after Pershing Square Capital Management decided to divest its stake, due to a loss of confidence in the company's management. The stock dropped by 16.25% to reach $2.345, increasing its year-to-date losses to 54.38%. The chief investment officer at Pershing Square attributed the decision to shaken confidence in the company's financing plan, which he considered unjustified. The fund held 19.8% of the shares in spring 2025 before reducing its stake to 4.3% in March.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)