Overview
- Avis Budget Group shares are up about 38% for the week after nearly touching a 50% gain intraday, based on S&P Global Market Intelligence data.
- Airport security delays tied to a partial U.S. government shutdown are sending more travelers to rental counters, according to Yahoo Finance.
- Hertz has seen roughly a 15% rise in web traffic, according to reports cited in the coverage, which points to stronger interest in rentals.
- Short interest stood at 23.5% of Avis’s available shares in mid-March, MarketWatch reported, a setup that can force rapid buying when prices jump.
- Analysts caution that volatility is high for Avis after its 2021 meme-stock episode, and Motley Fool’s Stock Advisor did not include the stock in its latest top-10 picks.