Options Market Statistics: Hertz Shares Surge After Ackman Confirms 20% Stake, Hints at Uber Collaboration
$Hertz Global Holdings, Inc.(HTZ)$ shares surged 44% in Thursday's trading. The most traded calls are contracts of $8 strike price that expire on Apr 17 and the total volume reaching 80,333 with the open interest of 273.
In an updated 13F filing, Pershing Square revealed it held a 4% stake in the company at the end of 2024. Later that day, reports emerged that the total stake, including swaps, has grown to 20%.
Bill Ackman confirmed the news on X and shared more details. He believes the company's stock could reach around $30 per share by 2029 and mentioned the possibility of a partnership with Uber. Since Ackman also owns a large stake in Uber, the idea carries some weight.
There was a noteworthy activity in $Hertz Global (HTZ.US)$, with $8 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 294.2x with 80,324 contracts.
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