🟢 Hertz is trading 6% up today after Oro Mobility secured $80 million in funding

Hertz is trading at $2.03, up 5.72%, with gains linked to majority-owned Oro Mobility’s $80 million strategic equity funding.

• Hertz announced the investment on October 20; investors include Cohen Private Ventures, Certares and Knighthead.
• Hertz will retain majority economic ownership, while funding supports Oro’s fleet, infrastructure and technology expansion.
• Broader markets are higher, with the Nasdaq up 1.27%; no current volume figure was provided.