Why Hertz Global's Stock Is Trading Lower Today

Hertz Global Holdings HTZ shares are trading lower on Friday on a report the company could file for bankruptcy in the coming days.

Hertz Global operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services.

The company operates a network of car rental locations and licenses its brands to associates and franchisees. The highest segment by revenue is the U.S. car rental unit.

Hertz Global shares were trading down 5.5% to $2.88 at time of publication. The stock has a 52-week high of $20.85 and a 52-week low of $2.32.

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