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Why Hertz Stock Is Tumbling Today


Hertz (NYSE: HTZ) stock slid 10.5% in morning trading after it began working with debt restructuring advisors to avoid a bankruptcy filing as it combats the loss of demand for rental vehicles amid the coronavirus pandemic.

Earlier this week the car rental agency announced it was furloughing 10,000 employees in North America.

Image source: Getty Images.

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Source Fool.com

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