📈 Penske stock ($PAG) jumped 6.69% on August 6th — the same day Border Patrol agents were seen jumping out of the back of a Penske truck at a Home Depot in LA to detain 16 suspected undocumented migrants.
🚚 The operation made headlines not just for the arrests, but for how it was carried out: agents riding in the cargo area, which is a direct violation of Penske’s rental policy.
🟡 Penske quickly responded, stating that no one is allowed to ride in the back of their trucks—under any circumstances. It’s a core safety rule in all rental agreements.
🚫 Breaking that policy can:
- Void damage waivers or insurance coverage
- Lead to personal liability for injuries or damages
- Violate local or state laws depending on jurisdiction
And yet… despite the unusual headlines, $PAG had a strong day in the market.
📦 From cargo policy violations to a stock price pop — sometimes reality is stranger than fiction.