Why Shares of Hertz and Avis Were Falling Today

Jeremy Bowman, The Motley Fool
·2 min read
Why Shares of Hertz and Avis Were Falling Today
Why Shares of Hertz and Avis Were Falling Today

Shares of Hertz Global Holdings (NYSE: HTZ) and Avis Budget Group (NASDAQ: CAR) were among the market's biggest losers today, sliding along with a broader sell-off on concerns about rising coronavirus cases and fading hopes for another stimulus package. As a result, Hertz shares were down 6.6% as of 1:12 p.m. on Monday and Avis had given up 9.4%. The car rental industry has been highly sensitive to the pandemic, so it's not a surprise to see these stocks declining again.