Verra Mobility Tumbles After Avis Deal Ends, Street Rethinks Outlook
Verra Mobility Corp shares were indicated around $4 ahead of Thursday’s Nasdaq open, steadying after tumbling 70.6% in the last session on news Avis Budget Group will end a major contract with the firm. The stock finished Wednesday at $3.85, off $9.23, after hitting a session low of $3.40.