Avis Budget Group Shares Experience Sharp Decline Following Short Squeeze
Avis Budget Group's stock (CAR) fell 53.7% this week after a short squeeze collapsed, with the shares now down 67% from their peak. The decline was not tied to the company's underlying business performance but rather to speculative trading. The stock had previously surged over 500% in a month before the short squeeze ended.
Tickers: $CAR
Topics: Avis Budget Group market volatility short squeeze stock price collapse