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Stock impact report

Avis's 4x Short Squeeze Is a Gift. Can Management Cash It In? [Yahoo! Finance]

Hertz Global Holdings, Inc (HTZ) 
Last hertz global holdings, inc earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.hertz.com
Company Research Source: Yahoo! Finance
Sure, the rally has been spectacular. But for the company and its management, the "why" matters far less than the "what next." They have been handed a rare, volatile window to convert a technical anomaly into a real-world financial turnaround. How Did It All Go Down? The setup began in February, when a federal funding lapse left TSA officers working without pay. Security lines stretched 3 to 4.5 hours at major hubs, including Atlanta and Chicago, pushing travelers toward road trips. Avis, with more than 10,000 locations globally, was a direct beneficiary. Hertz Global (HTZ) also benefited, with its stock up 65% over the last month. Hedge fund Pentwater Capital had been accumulating Avis stock and in-the-money call options while the stock traded under $100. In late March, around a major options expiration, Pentwater exercised a large block of options, forcing the delivery of millions of shares and sharply reducing the available float. With roughly half of all tradeable shares Show less Read more
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