🟢 Hertz is trading 12.57% up in pre-market after Oro Mobility secures $80 million strategic investment

Hertz is trading at $2.07, up 12.57% in pre-market after Oro Mobility secured an $80 million strategic investment.

• Hertz announced the deal October 20, with investors including Cohen Private Ventures, Certares and Knighthead.
• Hertz retains majority economic ownership; Oro can use the funding to expand independently.
• Axios described it as backing for Hertz’s robotaxi ambitions; contemporaneous coverage linked the investment to a rise in Hertz shares. The broader consumer-discretionary sector was also stronger pre-market.