Avis Budget Group Inc’s filing revealed that its Director KROMINGA LYNN unloaded Company’s shares for reported $0.13 million on Feb 20 ’25. In the deal valued at $95.00 per share,1,405 shares were sold. As a result of this transaction, KROMINGA LYNN now holds 1,950 shares worth roughly $0.12 million.
Then, KROMINGA LYNN sold 661 shares, generating $62,795 in total proceeds. Upon selling the shares at $95.00, the Director now owns 3,355 shares.
Before that, KROMINGA LYNN bought 2,066 shares. Avis Budget Group Inc shares valued at $196,270 were divested by the Director at a price of $95.00 per share.
Northcoast downgraded its Avis Budget Group Inc [CAR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. Goldman also remained covering CAR and has increased its forecast on April 04, 2024 with a “Neutral” recommendation from previously “Sell” rating. Northcoast revised its rating on March 25, 2024. It rated CAR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CAR
On Tuesday, Avis Budget Group Inc [NASDAQ:CAR] saw its stock fall -10.90% to $63.79. Over the last five days, the stock has lost -16.44%. Avis Budget Group Inc shares have fallen nearly -20.87% since the year began. Nevertheless, the stocks have fallen -42.78% over the past one year. While a 52-week high of $132.25 was reached on 02/18/25, a 52-week low of $65.73 was recorded on 03/11/25. SMA at 50 days reached $85.22, while 200 days put it at $91.95.
Levels Of Support And Resistance For CAR Stock
The 24-hour chart illustrates a support level at 59.55, which if violated will result in even more drops to 55.30. On the upside, there is a resistance level at 69.90. A further resistance level may holdings at 76.00. The Relative Strength Index (RSI) on the 14-day chart is 25.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.06%. Stochastics %K at 8.97% indicates the stock is a buying.
The most recent change occurred on March 19, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $170 price target.
