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home / news releases / CAR - Avis Budget is still up 99% after wild day of trading halts short squeeze action

CAR - Avis Budget is still up 99% after wild day of trading halts short squeeze action

Avis Budget Group Inc.
Avis Budget (NASDAQ:CAR) has settled back to a 99% gain on the day after being up more than 200% and topping out at $545.11. Over 25M shares of the heavily-shorted stock have swapped hands with more than an hour of trading still left. Earlier in the day, CAR was the Russell 2000 stock with the largest market cap. Brokerage firm TD Ameritrade fired off trading restrictions on CAR including limiting certain options strategies and blocking short-selling. Sector watch: Blowout rally for Avis Budget, HyreCar and Hertz while Uber and Lyft stall. Read what Avis execs said about the company's electric car strategy during the earnings call.

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Avis Budget is still up 99% after wild day of trading halts, short squeeze action
Stock Information
Company Name: Avis Budget Group Inc.
Stock Symbol: CAR
Market: NASDAQ
Website: avisbudgetgroup.com
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