Hertz Higher For Sixth Day In A Row

by Joel Elconin, Benzinga Staff Writer

July 13, 2017 11:32 AM | 1 min read | Make a Comment

Hertz Global Holdings, IncHTZ

shares are trading higher by $1.54 at $14.56 in Thursday's session. The recent six-day run coincides with a bullish article from

Zacks Research

noting that the high implied volatility of an August 2017 $7.50 put, which may induce a spike higher or lower in the stock.

The stock is trading higher for the sixth day in a row since this article was published, climbing from its July 5 close of $11.03 to $14.63 in Thursday's session. Most of the rally has taken place Thursday.

Shares are now nearing its May close ($14.91), which is of significance since it closed the following day at $12.80 after a much-worse-than-expected Q1 report.

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