Avis Stock Crashes as Epic Short Squeeze Unwinds

Avis Budget Group's stock has experienced a dramatic crash, plummeting by over 70% in a short period, as an "epic short squeeze" unwound. The decline was exacerbated by dilution risk, causing the stock to crater.

23 Apr, 16:06 — 23 Apr, 16:06

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wolf-streetMixed10d ago

Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours

“Stairs up, express elevator down” as hedge funds sock it to each other.

By Wolf Richter

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First report: wolf-street · 23 Apr, 16:06|Full coverage: 2 · 29m|Window: 29m

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wolf-street23 Apr, 16:06First to report

Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours

Yahoo23 Apr, 16:35Latest update

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Avis Stock Crashes as Epic Short Squeeze Unwinds

Sources

Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours

Coverage Timeline

Hedge-Fund Meme-Stock Short-Squeeze Queen Avis Budget [CAR] Implodes by 72% in 26 Hours

Avis stock extends 2-day crash after epic short squeeze

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