HTZ Hertz Global
- 3.465
- -0.190-5.20%
Hertz Global News
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Hertz Shares Are Trading Lower on Reports the Company Is Contemplating Selling $700 Million in Secured Debt, Coupled With a Convertible Notes Offering.
Hertz Shares Are Trading Lower on Reports the Company Is Contemplating Selling $700 Million in Secured Debt, Coupled With a Convertible Notes Offering.
Express News | Hertz Extends Thursday's Loss After Report Says It Mulls Debt, Convertible Sale, Down 3.7%
Sluggish electric car sales are driving hot sales for Hertz (HTZ.US), with used Tesla (TSLA.US) prices dropping to $25,000.
The competition for $25,000 electric cars in the US auto market has already won, but not in the way the automotive industry hoped. The average price of Hertz's used cars has dropped to $25,000 as its second-hand car sales have been booming. According to the app, since January of this year, Hertz has adopted the Tesla sales model, and 20,000 of its global fleet of electric cars have entered dealer lots, accounting for nearly one-third of the company's existing inventory of electric cars. This move is seen as a stumbling block for Hertz's electric car strategy. In 2021, Hertz had planned to order hundreds of thousands of Teslas.
Hertz considers selling $700 million in secured debt and convertible bonds.
On June 7th, Glon Hui reported that car rental company Hertz is considering selling at least $700 million in secured debt and convertible bonds to bolster its balance sheet. The company's stock price fell 12.6% to a historical low of $3.47 and closed down about 5%. Sources said the company's advisers have begun to contact potential investors about issuing secured bonds and added that no final decisions have been made and the size and terms of any financing may change.
Sector Update: Consumer Stocks Gain Late Afternoon
Consumer stocks were rising late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) up 0.7%. In corpor
Hertz Stock Drops on Report It Could Issue Debt, Convertibles -- Barrons.com
By Emily Dattilo Shares of Hertz Global Holdings were trading sharply lower on a report that the rental-car company is considering a sale of secured debt and convertible notes. Hertz stock was down
Hertz Sinks on Report It's Evaluating Sale of $700M of Secured Debt
Hertz Considering Sale of At Least $700 Million of Debt, Convertibles, Bloomberg Says
02:06 PM EDT, 06/06/2024 (MT Newswires) -- Hertz Considering Sale of At Least $700 Million of Debt, Convertibles, Bloomberg Says Price: 3.81, Change: -0.17, Percent Change: -4.16
Express News | USA Hertz Rental Car Company is considering selling at least USD 700 million in debt and convertible bonds.
EV Sales Slump, Hertz Dump Take Used Teslas to 'No Haggle' $25,000 Price
Hertz has plenty of electric vehicles, especially Teslas, that it's motivated to sell since pulling back on its aggressive EV plans, at what the rental car company calls 'no-haggle' prices. Nationwide, in most major metros, that means an average sales price of around $25,000, but they are now older models in a market where battery and mileage performance will increase each year. Used EV prices plummeted by as much as 31.8% this year, according to automotive research firm iSeeCars.
US stocks are fluctuating: Hertz car rental rose about 5.3% before the market, and a former senior executive of Spirit Airlines was appointed as the temporary CFO of the company.
On June 6, Gelunhui, Hertz (HTZ.US) pre-market trading rose by about 5.3% to $4.18. In terms of news, Hertz has hired Scott Haralson, the chief financial officer of Spirit Airlines, as interim CFO to fill the vacancy left by Alexandra Brooks, who resigned later this month, until a long-term successor is found. Currently, Hertz is facing an expanding problem related to the impairment of its electric vehicles, and the new CFO may face great pressure.
Hertz Global Holdings's Options: A Look at What the Big Money Is Thinking
Investors with a lot of money to spend have taken a bearish stance on Hertz Global Holdings (NASDAQ:HTZ).And retail traders should know.We noticed this today when the trades showed up on publicly avai
Sector Update: Consumer Stocks Slipping in Afternoon Trading
Consumer stocks were decreasing Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.7%. In corpo
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Hertz's Stock Sinks as CFO and COO to Leave After Less Than a Year in the Roles
By Tomi Kilgore Car rental company names Spirit Airlines CFO as its new CFO, starting by the end of June Shares of Hertz Global Holdings Inc. slid further into record-low territory Monday after the
Hertz Hires Finance Chief From Spirit Airlines
By Dean Seal Hertz Global Holdings has hired the chief financial officer of Spirit Airlines to helm its finances after Alexandra Brooks departs later this month. The rental car company said Monday t
Express News | Hertz Global Holdings Inc - Justin Keppy resigned as Chief Operating Officer of Hertz.
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