Hertz Global Holdings, Inc HTZ 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 Researchnoting that the high implied volatility of an August 2017 $7.50 put, which may induce a spike higher or lower in the stock.
Market News and Data brought to you by Benzinga APIsThe 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in