Verra Mobility shares slide 70% after Avis drops out
Verra Mobility shares plunged Wednesday after Avis Budget Group said it plans to drop a major contract in September 2026. The announcement cuts off a big customer, leaving the tolling and fleet-services firm facing fresh questions about its business model. The stock fell 71.4% to $3.74 in late trading, after dropping as low as $3.40 earlier. The decline was notable with most names quiet. The SPDR S&P 500 ETF was almost unchanged. The iShares Russell 2000 ETF, which tracks small-caps, edged up about 0.2%.