Avis Budget Group (CAR) Shares are Down -8.75%

Avis Budget Group (CAR) : During the past 4 weeks, traders have been relatively bearish on Avis Budget Group (CAR), hence the stock is down -4.17% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.9% relative to the S&P 500. The 4-week change in the price of the stock is -4.68% and the stock has fallen -8.75% in the past 1 week.

The stock has recorded a 20-day Moving Average of 6.15% and the 50-Day Moving Average is 6.86%.The 200 Day SMA reached 11.3%


Avis Budget Group (NASDAQ:CAR): After opening at $34.01, the stock dipped to an intraday low of $33.55 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.79 and the buying power remained strong till the end. The stock closed at $34.21 for the day, a gain of 1.42% for the day session. The total traded volume was 2,219,221. The stocks close on the previous trading day was $34.21.

Avis Budget Group (CAR) stock is expected to deviate a maximum of $10.43 from the average target price of $37.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $46 and the most muted being $20.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America, International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services. International segment provides and licenses the Companys brands to third parties for vehicle rentals and ancillary products in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

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