Investors in Hertz Global Holdings, Inc
Shortly after the open, as traders got word of a handful of
Around 10:45 a.m. EST, something funny started happening with the price: it started to rebound -- and rebounded very strongly. By noon, shares were trading just shy of $25; by the end of the trading session, Hertz's share price was near $27.50, and down only about 22 percent from Monday's close.
An after-hours amended 13D filing from Icahn disclosed the activist investor had increased his already-massive stake in the rental car company from over 15 percent to nearly 34 percent.
The strong bounce in Hertz shares over the course of Tuesday's session didn't seem quite so unexplained.
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