In a filing, Avis Budget Group Inc revealed 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 $0.15 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 -0.72% to $75.35. Over the last five days, the stock has gained 26.68%. Avis Budget Group Inc shares have fallen nearly -6.53% since the year began. Nevertheless, the stocks have fallen -38.47% over the past one year. While a 52-week high of $132.25 was reached on 02/18/25, a 52-week low of $54.03 was recorded on 03/13/25. SMA at 50 days reached $79.09, while 200 days put it at $88.47.
Levels Of Support And Resistance For CAR Stock
The 24-hour chart illustrates a support level at 73.27, which if violated will result in even more drops to 71.19. On the upside, there is a resistance level at 76.95. A further resistance level may holdings at 78.55. The Relative Strength Index (RSI) on the 14-day chart is 56.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.91%. Stochastics %K at 89.25% indicates the stock is a selling.
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 2025-03-14, growing by 1.77 million shares to a total of 4.58 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.81 million shares. There was a rise of 38.61%, which implies that there is a positive sentiment for the stock.
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.
