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Getaround Inc (NASDAQ:GETR) shares are trading higher by 49% to $0.30 during Wednesday’s session after the company announced it secured up to $50 million in additional financing.
On April 29, Getaround drew down the first $20 million of this capital. Eduardo Iniguez, Getaround’s CEO, highlighted in a press release recent leadership transitions and operational restructuring aimed at establishing a sustainable business model for long-term growth.
Jason Mudrick, chief investment officer of Mudrick Capital Management and a board member at Getaround, expressed confidence in the company’s strategic vision and potential for growth, citing its unique competitive advantages and untapped market opportunities.
See Also: Private Employment Increases By 192,000, Beats Forecasts: ‘Hiring Was Broad-Based In April’
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Getaround’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, GETR has a 52-week high of $0.70 and a 52-week low of $0.14.
Posted In: GETR
