Hertz Global Holdings Inc. HTZ, +2.08% received a rather downbeat reception on the Nasdaq, as the car rental company’s stock opened 9.5% below where its share-offering just priced. The company said late Monday that an upsized offering by selling stockholders of 44.52 million shares priced at $29 a share, compared with previous expectations that the 37.10 million-share offering would price between $25 and $29 a share. The stock’s first trade on the Nasdaq was at $26.25 at 12:14 p.m. Eastern for 2.82 million shares. It has since recovered slightly to trade down 6.3% at $27.19. The stock, which had traded over the counter under the ticker symbol “HTZZ” since the company emerged from bankruptcy through Monday, had closed Monday at $32.62. Before Hertz filed for bankruptcy in May 2020, the stock had traded on the NYSE under the ticker symbol “HTZ.” Including it’s time as an OTC stock, Hertz’s stock has run up 62.2% over the past three months, while shares of rival Avis Budget Group Inc. CAR, -1.17% have rocketed 242.4% and the S&P 500 SPX, +0.72% has gained 5.6%.