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Benzinga
Benzinga
Business
Surbhi Jain

Bill Ackman's Hertz Bet Faces a New Test as HTZ Flashes a Death Cross

Bill Ackman

Hertz Global Holdings Inc. (NASDAQ:HTZ) has already lost nearly 60% of its value this year. Now, the chart is delivering another blow. The car-rental company’s stock has flashed a Death Cross—a bearish technical signal that appears when the 50-day moving average falls below the 200-day moving average.

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