Hertz's stock headed for fresh closing low after being caught in downdraft created by Avis

Hertz Global Holdings Inc.’s stock tumbled 12% Tuesday to put it on track for a record-low close, pulled down by bad news from its smaller rival, Avis Budget Group Inc.Hertz HTZ, -13.13% was last quoted at $7.61, its lowest level since it emerged from bankruptcy in 2021, according to Dow Jones Market Data. The stock has fallen for four of the past five days and is down 26$245 million in ...