🟢 Hertz is trading 5% up in pre-market, rebounding after August 13 selloff

Hertz is trading 5.31% up in pre-market at $2.47, apparently rebounding from the sharp August 13 selloff.

• The selloff was tied to Pershing Square’s complete exit and criticism of Hertz’s June equity offering.
• Pershing Square said it lost confidence in management; S&P Global Ratings cut Hertz to CCC+ over refinancing concerns.
• No new major announcement was identified for August 14.