Hertz Global Holdings (NYSE:HTZ) shares were down as much as 50% on Tuesday. The parent company of the Hertz car rental franchises, sank after the group reported third quarter earnings that badly missed Wall Street estimates last night and slashed its profit guidance for the year.
The stock plunged nearly 52% to a seven and a half year low and was last seen down 45% at $19.62. A far cry from events a year ago. Read more.
Story by ProactiveInvestors