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-0.00296174728383952 -0.0372409574061328 -0.00865289027711604 -0.0163293157099077 -0.0231233933918035 0.00252351456756138 -0.00118234598620004 0.00217057546720313
Stock impact report

Volatile Avis stock plunges on wider-than-expected profit loss [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
What's behind the move: The car rental company reported a larger-than-expected profit loss in the first quarter. Avis reported a loss of $8.01 per share, versus consensus estimates for a loss of $6.87, according to Bloomberg data. Revenue of $2.53 billion came in higher than the $2.45 billion expected by Wall Street. NasdaqGS - Nasdaq Real Time Price • USD Avis Budget Group, Inc. (CAR) Follow View Quote Details As of 10:03:26 AM EDT. Market Open. Advanced Chart What else you need to know: Avis has been one of the most volatile stocks in recent weeks following an epic short-squeeze rally that abruptly reversed last week. The stock had surged to a high of $847 before plunging. The rally began after Avis's largest shareholder, Pentwater Capital Management, disclosed last month that it had built a significant position in the company. That same hedge fund exercised call options to sell shares in multiple transactions last week, some as high as $620.50, according to r Show less Read more
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