Hertz Stock Plunges Amid Dilution Fears
Shares of Hertz Global Holdings (HTZ) fell as much as 40.71% following the company's announcement of a $100 million stock offering and a concurrent $300 million PIK note issuance, raising concerns about equity dilution among investors.
Tickers: $HTZ
Topics: dilution fears Hertz HTZ stock plunge public offering shorting activity