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Stock impact report

Avis Budget Group Plummets As Fugazi Research Alleges Manufactured Short Squeeze [Yahoo! Finance]

Avis Budget Group, Inc. (CAR) 
Last avis budget group, inc. earnings: 2/19 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avisbudgetgroup.com
Company Research Source: Yahoo! Finance
valuation was artificially inflated by a “prisoners' dilemma” between two major hedge funds. Benzinga has reached out to Avis Budget Group for comment regarding the allegations. Hedge Fund Concentration And The CAR Short Squeeze Fugazi claims that SRS Investment Management and Pentwater Capital Management independently accumulated a combined economic exposure exceeding 100% of the rental car company's outstanding shares. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast According to the short seller, this quiet concentration of control held the available float hostage, resulting in a historically violent short squeeze that drove prices to six times the company's fundamental value. This fragile structure began to violently unwind on Wednesday when shares plummeted 40% in a single session ahead of the company's upcoming April 29 Show less Read more
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