Hertz Global Holdings, the parent company of Hertz car rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts.
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Hertz tanks 15% after missing big on earnings (HTZ)
Hertz closed at $14.61 on May 4, the lowest since 2009.
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The weakness seen in Hertz shares is bad news for shareholders, who have seen the stock plunge 88% since reaching a record high in August 2014. The company's shares closed at $14.61 on May 4, the lowest since 2009.
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