India, Oct. 20 -- Hertz Global Holdings, Inc. (HTZ) is up 13.04 percent, gaining $0.2400 to $2.0800 on Tuesday. The rise follows the announcement that Oro Mobility has secured an $80 million strategic equity investment from a consortium including Cohen Private Ventures and funds or accounts affiliated with Certares Opportunities and Knighthead Capital Management. The investment establishes Oro as a standalone growth platform, while Hertz will retain majority economic ownership.
Hertz is currently trading at $2.0800, up from the previous close of $1.8400 after opening at $2.1099 on the Nasdaq. The stock has traded between $2.0200 and $2.1800 during the session. Trading volume stands at 23.15 million shares, compared with average volume of 2...