Avis Budget Group (CAR) has risen sharply, recording gains of 13.22% in the past 4 weeks. However, the stock has corrected -2.81% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 12.79%. Avis Budget Group, Inc. is up 46.33% in the last 3-month period. Year-to-Date the stock performance stands at 1.21%.
Avis Budget Group (NASDAQ:CAR): The stock was completely flat for the day, closing at $36.73 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $36.56, the stock touched an intraday high of $36.93 and a low of $36.22. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $36.73. The total trading volume on Friday was 1,803,872.
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.