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via livemint.comBusiness & Companies

Hertz shares plunge after warning it is running low on cash

FROM THE WIRE · LIVEMINT.COM

Hertz Global Holdings Inc. shares plummeted after the car renter cautioned it expects to end the year with less cash and borrowing capacity than previously expected.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA warning of lower cash can weigh on the stock and on the company's debt outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Hertz Global Holdings shares plummeted.
  2. 02The company expects to end the year with less cash and borrowing capacity.
  3. 03This outlook is weaker than previously expected.

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