Avis Budget Group Surges 15% Despite Barclays Downgrade
Avis Budget Group (CAR) stock surged 15% in early trading on Tuesday, despite a Barclays downgrade to Underweight. The stock has experienced a parabolic rally, rising 374% year-to-date and 509% over the past month. Barclays cited a supply-demand mismatch in CAR shares, driven by hedge funds and insiders.
Tickers: $CAR
Topics: analyst downgrade ATM offering market rally stock price movement supply-demand dynamics