Avis Budget Group Inc. Stock Crashes 70% After Short Squeeze Ends
Avis Budget Group Inc. (AVIS) stock experienced a 70% crash over two days, ending a short squeeze that had previously driven its shares up 600% in a month. The sudden reversal was attributed to the stock becoming untethered from its fundamentals, with no clear cause for the collapse. The event highlights the volatility of speculative trading in the market.
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Topics: Avis Budget Group market volatility short squeeze stock crash