Hertz Global Holdings Sees Unusually High Options Volume (HTZ)
Hertz Global Holdings (NYSE:HTZ) was the recipient of unusually large options trading on Friday. Stock traders purchased 24,315 put options on the company, Analyst Ratings News reports. This is an increase of approximately 459% compared to the typical daily volume of 4,349 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 on Friday, July 4th. They now have a $27.50 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.56.
Shares of Hertz Global Holdings (NYSE:HTZ) traded up 0.56% during mid-day trading on Friday, hitting $28.70. 5,500,558 shares of the company’s stock traded hands. Hertz Global Holdings has a one year low of $19.73 and a one year high of $30.52. The stock has a 50-day moving average of $28.41 and a 200-day moving average of $27.49. The company has a market cap of $12.848 billion and a price-to-earnings ratio of 37.55.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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