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Benzinga

Business

Adam Eckert

Why Hertz Stock Is Surging Today

Hertz HTZ Hertz Global Nasdaq

Hertz Global Holdings Inc (NASDAQ:HTZ) shares are trading higher Wednesday after the company announced a $2 billion buyback.

The Hertz board approved a new $2 billion share repurchase program in addition to the $2 billion buyback that was announced in November. With approximately $200 million remaining on the previous buyback, Hertz now has a total of $2.2 billion available under the share repurchase programs.

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