Insider Selling: Robert Stuart Sells 53,099 Shares of Hertz Global Holdings Stock (HTZ)
Hertz Global Holdings (NYSE:HTZ) VP Robert Stuart unloaded 53,099 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $28.82, for a total transaction of $1,530,313.18. Following the sale, the vice president now directly owns 10,025 shares of the company’s stock, valued at approximately $288,921. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hertz Global Holdings (NYSE:HTZ) traded down 0.63% during mid-day trading on Friday, hitting $28.50. 33,459,152 shares of the company’s stock traded hands. Hertz Global Holdings has a 1-year low of $16.93 and a 1-year high of $29.07. The stock’s 50-day moving average is $24. and its 200-day moving average is $24.68. The company has a market cap of $12.796 billion and a price-to-earnings ratio of 41.09. Hertz Global Holdings also was the target of unusually large options trading on Tuesday. Stock traders purchased 2,976 put options on the company. This is an increase of approximately 252% compared to the typical daily volume of 845 put options.
A number of research firms have recently commented on HTZ. Analysts at Zacks downgraded shares of Hertz Global Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday. They now have a $27.20 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Hertz Global Holdings in a research note to investors on Wednesday, December 11th. They set a “buy” rating and a $33.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $26.78.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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