In This Article:
We recently published a list of Why These 10 Companies Were Heavily Sold Down. In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other companies that were heavily sold down.
Wall Street’s main indices finished stronger on Tuesday, buoyed by the influx of more corporate earnings results.
The Dow Jones grew by 0.75 percent, the S&P 500 rose by 0.58 percent, and the Nasdaq was up by 0.55 percent.
Despite the wider market optimism, 10 companies managed to register declines, predominantly due to investors exercising caution coupled with companies’ dismal earnings performance during the past quarter.
In this article, we have identified Tuesday’s 10 worst-performing stocks and detailed the reasons behind their drop.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A fleet of cars parked at a car rental company's headquarters, symbolizing the company's commitment to servicing its customers.
Hertz Global Holdings, Inc. (NASDAQ:HTZ)
Hertz Global Holdings saw its share prices tumble by 13.63 percent on Tuesday to finish at $7.35 apiece as investors repositioned portfolios following announcements that it plans to raise as much as $500 million from debt.
Last week, the company said that it plans to tap the debt market anew in a bid to provide the company with liquidity and extend the maturity of a revolving credit facility that is set to mature next year. On top of this, the company already has $6 billion in debt, including a $500 million junk bond issued in December last year.
In other news, Hertz Global Holdings, Inc. (NASDAQ:HTZ) said it would announce the results of its first quarter earnings performance on May 12, 2025.
Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the leading car rental operators globally. It owns Hertz, Dollar, and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
Overall, HTZ ranks 2nd on our list of companies that were heavily sold down. While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HTZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.