welcome
CNBC

CNBC

Technology

Technology

Hertz shares plummet after company's disappointing first-quarter results, $250 million stock offering

CNBC
Summary
Nutrition label

76% Informative

Hertz shares were off more than 20% during early morning trading before leveling to be off about 15% to 18% toward the end of the company's Tuesday morning quarterly earnings call.

Hertz announced the at-the-market $250 million stock offering during the call to begin working on deleveraging.

Investors are concerned about Hertz 's plan to offer fewer cars for rent as it deals with lower bookings and President Trump 's tariffs.

VR Score

86

Informative language

93

Neutral language

27

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links