Hertz Share Soar After Ackman Takes Big Stake - WSJ
1. Bill Ackman’s firm acquired 12.7 million shares of Hertz. 2. Hertz shares surged 19% to $4.33 after the announcement. 3. The stock is recovering from a low of $2.62 last September. 4. Hertz is unwinding investments in electric vehicles, impacting costs and performance.