Hertz Global Holdings, Inc. (HTZ) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DRYS, as the stock is now down nearly 9% in the past five days.
On Jun 24, 2015, Hertz Equipment Rental Corporation, an arm of Hertz Global Holdings Inc. announced that it has been gearing up for its separation from the parent company.
This slump shouldn’t be too much of a surprise to investors, as the business services company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HTZ currently has a Zacks Rank #5 (Strong Buy) while its Earnings ESP is positive.
Another better-ranked stock in the same sector is comScore, Inc. (SCOR) with a Zacks Rank #1 (Strong Buy).
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