Avis stock falls 15 percent as losses deepen and short squeeze ends

12 articles · Updated · Barron's · Apr 29

Avis Budget Group reported a first-quarter loss of $8.01 per share, missing analyst expectations, with revenue at $2.5 billion.
The stock dropped to $155.21 in premarket trading, marking its sixth consecutive session of declines after a dramatic short squeeze drove shares to a record $713.97 earlier this month.
Avis shares have now plunged 75% in the past week as the technical factors behind the short squeeze unwind, overshadowing revenue that exceeded Wall Street forecasts.

Is Avis's stock a historic bargain or a value trap after its 75% plunge?

Could Avis's financial turmoil impact your next car rental experience?

Can operational momentum save Avis from its mountain of debt and negative equity?

Are extreme short squeezes like the one at Avis the new normal for Wall Street?

With a stock swinging from $713 to $155, are analyst price targets becoming useless?

When two funds control a stock, is it smart investing or market manipulation?