Avis Budget Stock Just Halved in the Blink of an Eye... and Wall Street Thinks It Has Much Farther to Fall

Avis Budget Group (CAR) has delivered one of the most violent round-trips in recent market history. In a matter of weeks from late March, the stock surged over 600% on the back of an extreme short squeeze, only to collapse by almost 70% in just two trading sessions. What looked like a breakout story quickly reversed itself. With an unusually high short interest and a tightly held float, the setup was primed for a squeeze of historic proportions. As short sellers rushed to cover, price action detached enti ...

Avis Budget Stock Just Halved in the Blink of an Eye... and Wall Street Thinks It Has Much Farther to Fall - Reportify