TSLA) and Facebook (NASDAQ: FB) fit this description well, as does auto and equipment rental giant Hertz Global Holdings (NYSE: HTZ).
has rewarded shareholders with a 40% gain in 2013, easily besting the
benchmark S&P 500 index's 24% year-to-date showing.
at the time of its 52-week high of $27.75, made in mid-July, the stock
was up more than 70%. Shares sold off through the rest of the summer
before retesting this high in September.
Then, in late September,
HTZ suffered a huge one-day sell-off that drove it below both the 50-day
and 200-day moving averages. HTZ currently trades near $22.80, about
17% off its recent highs and right about where it traded in mid-April. (more)
Please share this article