What is the current status of Getaround, Inc. (GETR) stock, and why is it experiencing a significant increase?

Answered on : 2024-01-24

Sources

Getaround, Inc. (GETR) Stock Price, News, Quote & History

finance.yahoo.com

1

Why Is Getaround (GETR) Stock Up 89% Today?

investorplace.com

2

1. Getaround, Inc. (GETR) stock has witnessed a notable surge, rising 89% due to the company securing $20 million in new financing[2].

2. In the third quarter of 2023, Getaround reported a robust performance with a 42% year-over-year growth in revenue[1].

Investors' positive reaction to both the financial results and the additional financing has likely contributed to the stock's substantial increase. It reflects confidence in Getaround's business outlook and potential for further growth.

*Sources:*

- [1] Getaround, Inc. (GETR) Stock Price, News, Quote & History

- [2] Why Is Getaround (GETR) Stock Up 89% Today?

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