Why Shares of Hertz and Avis Were Falling Today

Shares of Hertz Global Holdings (NYSE: HTZ) and Avis Budget Group (NASDAQ: CAR) were among the market's biggest losers today, sliding along with a broader sell-off on concerns about rising coronavirus cases and fading hopes for another stimulus package.

As a result, Hertz shares were down 6.6% as of 1:12 p.m. on Monday and Avis had given up 9.4%. Meanwhile, the S&P 500 was down 2.5%.

Image source: Avis Budget Group.

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Source Fool.com