$Innovate(VATE.US) closed up +63%, having touched only +44% during the session, with prices still climbing in the late trading. Volume was over 140 times the average. While the earnings report was positive, sell-side ratings remain 'Sell', creating a tug-of-war—the night session has already given back nearly four points.

$Hertz Global(HTZ.US) surged today, rising over 12%, with volume expanding more than eightfold. Earnings beat expectations combined with short covering pushed the price to touch +14% intraday.

One is an industrial holding platform with a $170 million market cap, and the other is a car rental stock with heavy short interest. Although the triggers differ, both saw their prices driven higher by 'low expectations'.