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-0.000791705580339161 -8.05927836273196E-05 -0.0130465494436728 -0.022267312041036 0.00144829972930304 0.0383147574868325 -0.00629097787491051 -0.0276912063791559
Stock impact report

Avis roller coaster drags Dow Jones transport index along for the ride [Globe and Mail, The (Toronto, Canada)]

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
Brandon Bell/Getty Images Avis shares plunged 70 per cent over Wednesday and Thursday, their biggest-ever two-day decline, after they more than quadrupled in the latest sign of investor exuberance for meme stocks that take on lives of their own. These moves often take place in firms that are not perceived to have exciting prospects and are the subject of bets that their shares will decline. There was a problem loading data for this chart Please reload your browser and try again Among those dragged along with Avis was the Dow Jones Transportation Average, often viewed as a barometer for the U.S. economy's health. The transport index, launched in 1896, rose as much as 33 per cent before pulling back with Avis' return to earth, including its largest single-day decline since March, 2020. The Avis episode – in which a firm currently valued at US$8-billion moved an index featuring firms such as Uber, United Parcel Service, Norfolk Southern and Delta Air Lines that are worth tens o Show less Read more
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