Hertz Global Holdings (HTZ) is the subject of today’s FOMO segment. In this segment Alex Coffey and Jenny Horne discuss the rental car company and their new $2 billion share repurchase program. Jenny looks at shares of Hertz (HTZ) which climbed after Wednesday’s repurchase announcement. Jenny and Alex discuss the previous buyback program from last November. With about $200 million remaining under the previous buyback program, Hertz (HTZ) said it can now repurchase up to $2.2 billion worth of its stock, representing around 31% of its current market cap of $7.1 billion. Finally Alex demonstrates an example trade using shares of Hertz (HTZ) which were trading ~ $18.5 Wednesday afternoon, that’s down ~ 32% from a year ago.