Coverage of Top Gainers Hertz Global, XBiotech, and Harley-Davidson

LONDON, UK / ACCESSWIRE / July 5, 2016 / Active Wall St. announces its coverage of market signals with highlight on these Top Gainers from last Friday’s session: Hertz Global Holdings Inc. (NYSE: HTZ), XBiotech, Inc. (NYSE: XBIT), and Harley-Davidson, Inc. (NYSE: HOG). Register with us now for your free membership and get more on our signal alerts at:

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Stock Market Performance

U.S. stock indexes ended slightly higher on Friday, July 02, 2016, for a fourth consecutive day of gains, buoyed by encouraging U.S. manufacturing data and easing fears about the U.K.’s decision to leave the European Union.

The S&P 500 index recaptured the psychologically significant 2,100 level to close up 4.09 points, or 0.19%, at 2,102.95.

The Dow Jones industrial average rose 19.38 points, or 0.11%, to 17,949.37. Both the S&P 500 and the Dow posted their best weekly gains, up 3.2%, since November, 2015.

Additionally, the Nasdaq Composite Index added 19.89 points, or 0.41%, to close at 4,862.57. The NASDAQ gained 3.3% for the week for its best performance since May 2016.

Today, AWS is promoting its market signals coverage with emphasis on HTZ, XBIT, and KKR. Get all of our reports for free by signing up to http://www.activewallst.com/register/.

Top Gainers – Hertz Global Holdings

Last Friday, shares of Hertz Global Holdings Inc. surged 296.30% to close at $43.87. The stock recorded trading volume of 3.24 million shares for the day. Hertz’s stock gained after the previously announced separation of Hertz equipment rental business is over. This has given rise to two entities: Hertz Rental Car Holding Company, which changed its name to Hertz Global Holdings Inc. and retained the ticker symbol “HTZ”, and Herc Holdings Inc., which will trade on the NYSE as “HRI”. While Hertz Global will comprise the company’s worldwide rental car business and leasing business of Donlen Corporation, Herc Holdings will include the global equipment rental business.

Hertz Global started trading on the NYSE independently from July 1, 2016, with nearly 85 million shares outstanding. Hertz has raised approximately $2 billion from the spinoff and it plans to use the funds to repay some of its debt.

In other news, Hertz has teamed up with Uber and Lyft as it looks to ramp up the revenue from its older fleet. Uber and Lyft drivers will be able to rent 2-3 years old models for up to several weeks or even months. Rather than sell the cars it removes from the daily-rental rotation, Hertz has now decided to rent them out to hailing services, hoping it will prove to be a more profitable strategy.

Top Gainers – XBiotech

Shares of XBiotech, Inc. surged 19.02% on Friday after the company announced positive results from a phase III study on its lead candidate, Xilonix, for the treatment of advanced colorectal cancer (CRC). A total of 309 patients, which enrolled for the study, were randomized in the ratio of 2:1 to receive Xilonix plus best supportive care (BSC) or placebo plus BSC. Data from the study revealed a 76% relative improvement in the clinical response rate (CRR) after 8 weeks of therapy compared to placebo. Results were presented at the European Society of Medical Oncology (ESMO) World Congress on Gastrointestinal Cancer.

Last Friday, a total of 1.07 million shares of XBiotech changed hands during the session, significantly higher than the three month average volume of 215,130 shares. Since beginning of 2016, the stock has gained 129.07%.

Top Gainers – Harley-Davidson

Last Friday, shares of Harley-Davidson, Inc. jumped 19.76% to finish the trading session at $54.25. Shares of the iconic motorcycle maker soared amid rumours that private-equity firm KKR & Co. (NYSE: KKR) might be interested in acquiring the company. Harley Davidson has been facing a number of challenges in the past couple of years, with declining sales in the U.S. putting pressure on its domestic market share. However, the successful penetration of foreign markets outside of the Americas can be considered as a source of future growth for Harley-Davidson. Going forward the company said it plans to add 150 to 200 new international dealers by 2020.

At the close last Friday, a total of 23.09 million shares changed hands as compared to the three month average volume of 3.16 million shares. The company’s stock has advanced 17.55% in the last one month and 21.59% since the beginning of the year.

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