Stock Movers Closing Bell: Hertz Shares Jump, Guess Goes Private, Target Drops
Aug 20, 2025
Hertz is making waves by partnering with Amazon Autos to sell pre-owned cars, boosting its stock. Guess is going private in a $1.4 billion deal, promising shareholders a 26% premium – big news for investors! Meanwhile, new Target CEO Michael Fiddelke confronts declining sales, urging employees to step up their game. He faces mounting criticism as the retailer seeks to navigate difficult waters. Tune in for insights on these corporate moves and the influences shaping today's stock market!
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Energy Outperforms While Market Is Mixed
- Energy led sector gains, rising alongside higher oil prices while broad indices saw mixed performance.
- Seven of 11 sectors finished positive despite the S&P 500 decline, showing market breadth.
Analog Devices Beats Estimates And Guides Up
- Analog Devices topped S&P 500 movers after beating earnings and providing stronger-than-expected guidance.
- Management noted robust demand despite tariffs and trade uncertainty.
Hertz Teams With Amazon To Sell Used Cars
- Hertz will sell pre-owned cars on Amazon Autos starting in select cities to expand distribution.
- The rollout begins in Dallas, Houston, Los Angeles, and Seattle with plans for 45 locations nationwide.