Hertz Global stock price: HTZ shares surge for second day after Bill Ackman’s hedge fund takes stake

Yesterday, Hertz Global Holdings, Inc. (Nasdaq: HTZ) became one of the best-performing automotive-related stocks of the year after the car rental company’s stock surged more than 56% in a single trading session. Today, the stock is up again by a double-digit percentage in premarket trading at the time of this writing. But why? Here’s what you need to know.

HTZ shares surged 56.44% yesterday

Yesterday, Hertz had one of its best single-gain days in a long time. The company’s...