We recently published a list of 10 Firms End Stronger, Buck Muted Broader Market Trading. In this article, we are going to take a look at where Hertz Global Holdings, Inc. (NASDAQ:HTZ) stands against other other firms that ended the week strong.
The stock market ended the shortened trading week mixed, with two of the major indices clocking in just modest movements, as investors parked funds for now while continuing to digest President Donald Trump’s tariff policies.
Among the major indices, only the S&P 500 registered gains, up 0.13 percent. In contrast, the Dow Jones fell by 1.33 percent, and the Nasdaq dropped by 0.13 percent.
Ten firms, on the other hand, ended the week strong, on the back of a flurry of catalysts that sparked buying appetite. In this article, we have detailed the reasons behind their gains.
To come up with the list, we only considered the stocks with a $2 billion market capitalization and a $5 million trading volume.
Hertz Global soared by 44.31 percent on Thursday to a new all-time high after a hedge fund manager raised his stake in the company to 19.8 percent.
HTZ touched an all-time high of $8.74 during the intra-day trading before ending the day up by only 44.31 percent to close at $8.24 apiece.
Through Pershing Square, billionaire and hedge fund manager Bill Ackman increased his ownership in HTZ through a combination of direct share purchase and total return swaps.
According to Ackman, HTZ, once troubled by operational challenges linked to its acquisition of Tesla vehicles, is now positioned for improvement due to several strategic changes to enhance profit margins by rotating its fleet, boosting unit revenues, and cutting operating costs.
The company has also begun transitioning from high-cost vehicles in a bid to reduce depreciation expenses significantly.
Overall, HTZ ranks 1st on our list of firms that ended the week strong. While we acknowledge the potential of HTZ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HTZ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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