Hertz Shares Climb 12% After Oro Mobility Secures $80M Investment
Oro Mobility, in which Hertz owns a majority stake, secured an $80 million equity investment from a group of investors. Hertz shares rose 12% to $2.06 on Tuesday.
Hertz Global Holdings shares rose after Oro Mobility, in which Hertz holds a majority stake, obtained an 80 million equity investment from a group of investors. Hertz shares gained 12% to $2.06 on Tuesday. The stock is down 60% year-to-date. The car rental company, which has…