Hertz (HTZ) shares popped earlier today after reports came out that billionaire activist investor Carl Icahn has taken a major stake in the car rental company, buying 30 million to 40 million shares. The company gave back all the gains throughout the session and ended the day marginally lower.
General Motors (GM) saw its stock fall more than 3% to 39.56 a share after reporting that U.S. Vehicle sales in December fell 6.3% to 230,157 from a year ago. For the year though, GM sales rose 7.3%, with the Chevrolet brand leadin the way.
Ford (F) missed December sales expectations of a 4.3% rise after reporting an increase of only 2%, but ended the day marginally higher.
Shares of Delta Air Lines (DAL) closed up more than 5.5% after it reported strong gains in its December traffic. Consolidated passenger unit revenue rose 10% in December while passenger traffic rose 6.9% and portion of seats filled went up to 85.2% from 82.7%.
FireEye (FEYE) continued its strong surge today. After jumping close to 23% in after-hours trading yesterday, FireEye stock closed up more than 38% on this, the day after it announced it was acquiring cyber security firm Mandiant Corp. for $1.05 billion in cash and stock.
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