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Companies To Watch: Avis stock surges 600 percent before crashing 70 percent
Published 5 months ago
Description
Avis Budget Group has experienced one of the most extreme stock moves in recent market history, with shares surging more than 600% before plunging nearly 70% in just days. The dramatic move was driven by a massive short squeeze, high short interest, and limited share supply rather than fundamental improvements in the business.
Dan Koh and Ryan Huang break down what triggered the rally, why the stock reversed so quickly, and what investors should watch next.
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