Why These 10 Companies Were Heavily Sold Down

2. Hertz Global Holdings, Inc. (NASDAQ:HTZ)

Hertz Global Holdings saw its share prices tumble by 13.63 percent on Tuesday to finish at $7.35 apiece as investors repositioned portfolios following announcements that it plans to raise as much as $500 million from debt.

Last week, the company said that it plans to tap the debt market anew in a bid to provide the company with liquidity and extend the maturity of a revolving credit facility that is set to mature next year. On top of this, the company already has $6 billion in debt, including a $500 million junk bond issued in December last year.

In other news, Hertz Global Holdings, Inc. (NASDAQ:HTZ) said it would announce the results of its first quarter earnings performance on May 12, 2025.

Hertz Global Holdings, Inc. (NASDAQ:HTZ) is one of the leading car rental operators globally. It owns Hertz, Dollar, and Thrifty vehicle rental brands throughout North America, Europe, the Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.