Avis Budget (CAR) Reaches New All-Time High Amid Short Squeeze Despite 'Sell' Recommendation
Avis Budget (CAR) reached a new all-time high of $765.94, despite a 'sell' recommendation from Barclays, which cited valuation concerns and a supply-demand mismatch. The stock closed up 17.28% at $713.97, driven by a short squeeze and high short interest near the total float.
Topics: analyst recommendations market sentiment short squeeze stock price movement