Billionaire Bill Ackman Thinks Hertz Stock Could Reach $30 by the End of the Decade. Here's Why It Could Happen Sooner Than That.

Certain personalities on Wall Street have the influence to create major moves in a stock with a simple comment or social media post. Billionaire hedge fund manager Bill Ackman is one of those people.A couple of weeks ago, Ackman posted on X (previously known as Twitter) that his investment firm, Pershing Square Capital Management, had started building a position in car rental provider Hertz Global Holdings (HTZ -2.50%). Prior to Ackman's announcement, Hertz stock was flat on the year. But in the wake of his ...