Shares in troubled car rental company Hertz Global Holdings (HTZ) sunk a further 11% to $1.16 in Wednesday’s after-hours trading on the news that Carl Icahn has sold his Hertz stake at an apparent loss of about $1.8 billion.Icahn divested 55.34M common shares for $39.8M, at a price of $0.72/ share on May 26, an SEC filing revealed. He previously owned a 39% stake in Hertz and had three representatives on the board.The 84-year old hedge fund manager stated “I have been an investor and supporter of Hertz since 2014. Unfortunately because of Covid-19 which has caused an extremely …read more
Source:: Yahoo Finance
