Hertz Global (HTZGQ) Stock Sees Parabolic Jump: A Good Sell Now?

The Hertz Global Holdings Inc (OTCMKTS:HTZGQ) has continued on its merry ways this morning and rallied by 7%. That has taken the gains made by the stock to 210% over the course of the past three weeks.

Hertz Global (HTZGQ) Stock Sees Parabolic Jump: A Good Sell Now?

HTZGQ stock has been in sharp focus among investors after a bidding war ensued for taking Hertz Global out of bankruptcy.

Earlier this week, the company announced that the bid from Certares Management and Knighthead Capital Management has been deemed to have been superior to the existing offer from another group of investors.

Related:  Optec International (OPTI) About To Break $0.10 Ceiling: Don't Miss

The latest development is expected to further heat up the bidding war for the car rental company. The existing reorganization partner is a group is led by Centerbridge Partners and it would now need to come up with a counteroffer if it wants to acquire Hertz Global. It now remains to be seen if the stock rallies further and ends the week with further gains.

HTZGQ stock is now up over 7% at $4.09.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.