Hertz Global Holdings's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Hertz Global Holdings (NASDAQ:HTZ), as observed through recent options trading activity. Benzinga's options scanner identified 8 unusual options trades, with 62% of the sentiment being bearish. The trades suggest a targeted price range of $4.0 to $10.0 for HTZ over the last three months. The stock is currently down by 5.85%, trading at $4.11, and may be approaching oversold territory according to RSI indicators.
June 03, 2024 | 7:45 pm
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Hertz Global Holdings (NASDAQ:HTZ) has seen a significant amount of bearish options trading activity, with 62% of the sentiment being bearish. The stock is currently down by 5.85%, trading at $4.11, and may be approaching oversold territory according to RSI indicators.
The significant bearish sentiment from large investors, as indicated by the options trading activity, suggests a negative outlook for HTZ in the short term. The stock's current decline and potential oversold status further support this bearish view.
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