Shares of Avis Budget Group (CAR) Sees Large Inflow of Net Money Flow

Avis Budget Group (CAR) : Investors lapped up stocks on upticks to the tune of $22.14 million in the Wednesdays trading session. The trading value on downticks was comparatively at $20.4 million and the uptick to downtick ratio of 1.09 indicates continuous buying by the bulls. The net money flow into the stock was $1.74 million. The block trades were dominated by the bulls with a healthy 3.99, uptick to downtick ratio. Only $0.5 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $2.01 clearly indicating buying by large investors. The total money flow for block trades stood at $1.51 million, which is a positive for the stock in the long-term. Avis Budget Group (CAR) fell $0.95 during the day at $34.82, a drop of -2.66% over the previous days close. However, for the week, the stock is -7.12%, compared to the previous week.

Avis

Avis Budget Group, Inc. has lost 8.8% in the last five trading days and dropped 4.1% in the last 4 weeks. Avis Budget Group, Inc. is up 13.16% in the last 3-month period. Year-to-Date the stock performance stands at -4.05%.

Avis Budget Group (CAR) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Avis Budget Group (NASDAQ:CAR): stock was range-bound between the intraday low of $34.1 and the intraday high of $36.2 after having opened at $36.12 on Wednesdays session. The stock finally closed in the red at $36.12, a loss of -2.66%. The stock remained in the red for the whole trading day. The total traded volume was 3,828,999 shares. The stock failed to cross $36.2 in Wednesdays trading. The stocks closing price on Thursday was $35.77.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.