CAR News and Press, Avis Budget Group Inc. From 12/07/21

Avis Budget Group (CAR -5.1%) shares dropped after Deutsche Bank and JPMorgan reiterated their Sell-equivalent ratings on the stock while recommending that investors purchase rival Hertz Global Holdings (HTZ +0.1%) instead. "In our view, the current valuation gap between the two companies is ...

Apple shares have been bid higher with impunity, driven by gamma squeeze buyers and price insensitive and valuation insensitive fund flows. The narrowing of market breadth has added additional fund flows, as only a handful of stocks are propping up the entire U.S. stock market. A ...

Travel and leisure stocks are up nearly across the board even after the Biden Administration announced increased international travel restrictions due to the Omicron variant. Analysts believe that yesterday's drop was overstated as more information arrives regarding the new variant....

Concerns about the Omricon variant has led the U.S. to tighten travel rules, requiring all air travelers entering the country to show a negative COVID-19 test performed within one day of departure. Currently, vaccinated international travelers can present a negative result obtained within thr...

Gainers: Guardforce AI (NASDAQ:GFAI) +13%. Pioneer Power Solutions (NASDAQ:PPSI) +10%. Shapeways (NYSE:SHPW) +8%. Losers: Apogee Enterprises (NASDAQ:APOG) -10%. Evolv (NASDAQ:EVLV) -9%. Antelope Enterprise Holdings Limited (NASDAQ:AEHL) -10%. Avis Budget Group (NASDAQ:CAR) -9%....

Morgan Stanley is negative on Avis Budget Group (NASDAQ:CAR) as it points to elevated risks for near-term earnings due to the Omicron COVID variant. Analyst Billy Kovanis: "We believe it is a self-fulfilling prophecy in the very short-term whereby headlines unfortunately cause people and busi...

The stock market did its best to recover lost ground on Monday, and in general, it did an excellent job. As of 1:30 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 332 points to 35,231, making back less than half of its 900-point swoon from Friday. Yet the S&...

UBS updates its list of stocks where active fund managers are most overweight and underweight. "Essentially, we sum up all of the holdings in dollar value across all of the active managers and calculate the weights of stocks in this active trading portfolio," UBS' global team of analysts writ...

Gainers: Astra Space ASTR +24%. PureCycle Technologies (NASDAQ:PCT) +14%. Yellow (NASDAQ:YELL) +8%. Avis Budget (NASDAQ:CAR) +8%. Hertz (NASDAQ:HTZ) +8%. Losers: Greenland Technologies (NASDAQ:GTEC) -26%. Shapeways Holdings (NYSE:SHPW) -15%. Pioneer Power Solutions (NASDAQ:PPSI) -13%. Li...

Mr. Khosrowshahi took Uber public in May 2019 at $45 per share. Mr. Khosrowshahi made his largest insider purchase of Uber last week. The stock is likely to be volatile in the coming months and may provide opportunities to investors to build a position in the company over a period...