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President and CEO, Ferraro Joseph A. sold 18,460 shares of Avis Budget Group Inc [CAR]

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 $22.51 million.

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 $6.18 million.

Goldman upgraded its Avis Budget Group Inc [CAR] rating to a Neutral from a a Sell in a research note published on April 04, 2024; the price target was increased to $130 from $118. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. BofA Securities began covering CAR with “Buy” recommendation on March 19, 2024. Deutsche Bank revised its rating on January 25, 2024. It rated CAR as “a Buy” which previously was an “a Hold”.

Price Performance Review of CAR

On Monday, Avis Budget Group Inc [NASDAQ:CAR] saw its stock jump 2.79% to $103.56. Over the last five days, the stock has gained 1.44%. Avis Budget Group Inc shares have fallen nearly -41.58% since the year began. Nevertheless, the stocks have fallen -38.10% over the past one year. While a 52-week high of $232.73 was reached on 01/02/24, a 52-week low of $93.53 was recorded on 04/25/24. SMA at 50 days reached $111.29, while 200 days put it at $170.20. A total of 0.63 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For CAR Stock

The 24-hour chart illustrates a support level at 101.43, which if violated will result in even more drops to 99.29. On the upside, there is a resistance level at 105.53. A further resistance level may holdings at 107.49. The Relative Strength Index (RSI) on the 14-day chart is 37.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.77%. Stochastics %K at 25.04% indicates the stock is a holding.

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