Hertz Global Holdings, Inc (NYSE: 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.
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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