• HTZ is down 5.1% at $2.15, extending a selloff driven by recent dilutive capital raises and a weaker Q2 outlook.
  • The decline is exacerbated by new analyst price target cuts and a shareholder rights firm announcing an investigation into Hertz's June 24th note offering today.
  • Persistent concerns over softening used-car pricing and increased short-pressure risk continue to weigh on sentiment.