Hertz Global Holdings Inc (NASDAQ:HTZ) is surging, last seen up 23.2% to trade at $7.03, extending yesterday’s 56% rally. The sharp move follows news that Bill Ackman’s Pershing Square has taken a sizable stake in the rental car company. A regulatory filing showed Pershing held a 4.1% position at the end of 2024, but that stake has reportedly grown to 19.8% via shares and swaps -- making the activist investor Hertz’s second-largest shareholder.Hertz stock is in the midst of a historic breakout. The equity i ...