- Hertz Global Holdings Inc’s (NASDAQ:HTZ) wholly-owned indirect subsidiary, The Hertz Corporation, intends to offer $1.5 billion of senior unsecured notes due 2026 and senior unsecured notes due 2029 in a private offering.
- The Notes will pay interest semi-annually in arrears. Hertz Corp. intends to use the proceeds, together with available cash, to repurchase Series A preferred stock and general corporate purposes.
- Price Action: HTZ shares are trading higher by 0.80% at $23.275 on the last check Wednesday.
5 Stocks Insiders Are Selling
When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
