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Why HyreCar Stock Is Plunging 46% Today

Why HyreCar Stock Is Plunging 46% Today
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Hyrecar to join the Russell 3000 Index in late June in group of top stocks


Hyrecar to join the Russell 3000 Index in late June in group of top stocks
Monday, Jun. 07, 2021, 11:23 AM
By Auto Remarketing Staff
LOS ANGELES - 
Carsharing marketplace for ridesharing and food/package delivery services, HyreCar Inc. is joining the Russell 3000 Index, effective when the the U.S. market opens on June 28, according to a preliminary list of additions posted Friday.
“We have worked hard to get to this point, taking the company from concept to now joining the Russell 3000, something that we believe will attract broader interest in Hyrecar from institutional investors and investment funds,” HyreCar chief executive officer Joe Furnari said in a news release. “I m proud of the tremendous progress we have made this year, both operationally and driving top line growth that should continue as we execute on our strategic plans in 2021.” ....

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TrueCar Partners with HyreCar to Provide its Car-Sharing Marketplace with a Modern Digital Car Buying and Trade-In Solution


(PRNewsfoto/TrueCar, Inc.)
SANTA MONICA, Calif. and LOS ANGELES, Feb. 10, 2021 /PRNewswire/
  TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent way to find a car and HyreCar Inc. (NASDAQ: HYRE), the car-sharing marketplace for ridesharing, food, and package delivery services, today announced their new partnership and the launch of the HyreCar Auto Buying Program powered by TrueCar.
The TrueCar and HyreCar partnership addresses the vehicle purchase needs of drivers and owners that work in the mobility and transportation industry. HyreCar s innovative Mobility-as-a-Service (MaaS) marketplace generates tens of thousands of potential automotive purchase and rental leads per month. The partnership will leverage TrueCar s online vehicle research, trade-in, pricing, and innovative payment tools. TrueCar s 14,000 plus national dealer network will assist HyreCar customers to acquire a new or used vehicle or to sell or trade-in their vehicle. Additionally, th ....

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