In a filing, Avis Budget Group Inc revealed its President and CEO Ferraro Joseph A. unloaded Company’s shares for reported $3.61 million on Dec 15 ’23. In the deal valued at $195.41 per share,18,460 shares were sold. As a result of this transaction, Ferraro Joseph A. now holds 217,405 shares worth roughly $25.76 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Martins Izilda P sold 3,950 shares, generating $773,647 in total proceeds. Upon selling the shares at $195.86, the EVP, Americas now owns 21,145 shares.
Before that, Rankin Patrick K sold 14,917 shares. Avis Budget Group Inc shares valued at $3,021,438 were divested by the President, International at a price of $202.55 per share. As a result of the transaction, Rankin Patrick K now holds 59,672 shares, worth roughly $7.07 million.
Northcoast upgraded its Avis Budget Group Inc [CAR] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Deutsche Bank also remained covering CAR and has increased its forecast on January 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on July 20, 2023. It rated CAR as “a Hold” which previously was an “a Buy”.
Price Performance Review of CAR
On Monday, Avis Budget Group Inc [NASDAQ:CAR] saw its stock jump 4.41% to $118.47. Over the last five days, the stock has gained 9.57%. Avis Budget Group Inc shares have fallen nearly -33.17% since the year began. Nevertheless, the stocks have fallen -31.14% over the past one year. While a 52-week high of $232.73 was reached on 01/02/24, a 52-week low of $99.60 was recorded on 02/22/24. SMA at 50 days reached $134.04, while 200 days put it at $183.09. A total of 0.62 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For CAR Stock
The 24-hour chart illustrates a support level at 116.69, which if violated will result in even more drops to 114.90. On the upside, there is a resistance level at 120.00. A further resistance level may holdings at 121.53. The Relative Strength Index (RSI) on the 14-day chart is 50.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.26%. Stochastics %K at 76.16% indicates the stock is a holding.
How much short interest is there in Avis Budget Group Inc?
A steep rise in short interest was recorded in Avis Budget Group Inc stocks on Feb 29, 2024, growing by 0.58 million shares to a total of 3.23 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.65 million shares. There was a rise of 17.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 30.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.73.
