Hertz Global Holdings Inc (HTZ) News & EventsHTZHertz Global Holdings Inc

Verra Mobility and Hertz Renew Contract, Explore New Technology Solutions

Verra Mobility (VRRM) and The Hertz Corporation (HTZ), on behalf of its Hertz, Dollar, and Thrifty brands, shared additional details regarding their recent contract renewal, including plans to explore new technology solutions that build on their long-standing tolling and violations management partnership. The parties announced during quarterly earnings the renewed agreement extending their 20-year partnership. In the expanded agreement, the companies will explore new technology solutions to further improve Hertz's customer experience. Verra Mobility will also continue to provide Hertz with a fully outsourced toll and violations management program, helping improve administrative efficiency while giving renters a more convenient, frictionless experience on cashless and all-electronic tolling networks across North America.

Hertz Drops 9% to $2.55 After Pershing Discloses Sale of Position

Hertz drops 9% to $2.55 after Pershing discloses sale of position

Hertz Global Holdings Shares Up 23.35%

Cboe data suggests bullish flow in Hertz Global Holdings (HTZ), with shares up 50c, or 23.35%, near $2.62. Options volume extremely heavy with 420k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 1.04. Implied volatility (IV30) is higher by 3.8 points near 150.72, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.25. Put-call skew flattened, suggesting a modestly bullish tone.