Avis Budget stock sank more than 40% as its epic short squeeze ran out of fuel
Quartz
—
The car rental company's stock had climbed about 600% since late March before reversing sharply this week
- Avis Stock Collapse Sparks Plunge in Dow Transports It Lifted Bloomberg —
- Avis Shares Sink 57% in Two Days as Rally Meets a Crashing Halt Bloomberg —
- Avis Stock Drops 70% in Two Days. The Short Squeeze Is Colliding With a New Reality. Barrons —
- Avis Stock Falls Again; Investors See Possible Equity Offering Barrons —
- Avis Budget and Hertz Global slide even further after the crowded short trade drama Seeking Alpha —