Mrzorro
04-18

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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Comments

  • Merle Ted
    04-19
    Merle Ted
    38% short interest on this stock. This was obviously a big short squeeze and will likely tank again once reality hits. The balance sheet is horrible and the company was nearly bankrupt. There’s a big rug pull incoming.
  • Valerie Archibald
    04-19
    Valerie Archibald
    Owned HTZ several years ago at a much higher price. Bill Ackman will make HTZ great again. Glad I bought back in. Way under valued.
  • CareyDunlop
    04-18
    CareyDunlop
    Wow, that's a massive surge! Love it! [Wow]
  • keke006
    04-18
    keke006
    Great news! 🚀
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