Hertz Shares Feel the Pain After Icahn Slashes Stake

The video discusses the decline in Hertz shares following a block trade by Carl Icahn, its top shareholder. Icahn's sale of 5 million shares at a discount led to a significant drop in share prices. The video explores market speculation about Icahn's future moves and the impact of earnings season on trading activities. It also highlights the role of algorithmic trading in the stock market, contributing to the volatility observed in Hertz's stock performance.

What factors contribute to the timing of selling shares after earnings season?

How do algorithms affect the trading of stocks when large shareholders sell their positions?