Hertz is trading 5.3% down today at $1.77 as investors continue to digest the impact of its recent equity raise and exchangeable notes offering.
- The stock remains under pressure following a cut earnings outlook tied to higher depreciation costs and ongoing weakness in the used-car market.
- Sentiment is further weighed down by lingering concerns over shareholder dilution and profitability, alongside a broadly weaker U.S. equity market.