In a remarkable display of market resilience, Mortons Restaurant Group Inc (MRT) stock has achieved a new 52-week high, reaching a price level of $2.04. This milestone underscores a significant period of growth for the company, which has seen its stock value surge by an impressive 116.08% over the past year. Investors have shown increased confidence in Mortons Restaurant Group's business model and growth strategy, propelling the stock to new heights and rewarding shareholders with substantial gains. The 52-week high represents a pivotal moment for the company, as it reflects both the recovery in the restaurant industry and the successful execution of the company's initiatives to adapt and thrive in a post-pandemic market.
In other recent news, Marti Technologies, a prominent urban mobility provider in Türkiye, has reported significant growth in its ride-hailing service, exceeding its mid-year targets. As of June 30, 2024, Marti recorded over 1,100,000 riders and more than 170,000 registered drivers, with plans to increase these numbers by September 30, 2024. The company's ambitious targets for the third quarter include reaching over 1,300,000 riders and over 190,000 registered drivers.
Marti Technologies also announced a change in its executive team, appointing Oguz Erkan as its new Chief Financial Officer. Erkan, with a 22-year career in finance and strategy, steps into the role following the departure of the company's previous CFO, Cem Yasar Ozey. Erkan's experience includes significant roles at GlaxoSmithKline (NYSE:GSK) and Arçelik-Beko, a global home appliances company.
These are part of the recent developments at Marti Technologies, which also updated its unique rider target for mid-2024, raising the goal from 850,000 to 900,000. The company maintains its registered driver target at 155,000. As of April 23, 2024, Marti reported over 788,000 unique riders and more than 145,000 registered drivers. These figures reflect a strong demand for its services in Türkiye.
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