Avis Stock Drops 70% in Two Days. The Short Squeeze Is Colliding With a New Reality.

Barrons — Apr 23, 15:13 PM

Avis Budget Group shares are tumbling as investors worry a potential equity offering could ease the recent short squeeze and pressure the stock.

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Avis Stock Plunges 70%

Avis Budget stock sank more than 40% as its epic short squeeze ran out of fuel Quartz — Apr 23, 17:45 PM
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Avis Shares Sink 57% in Two Days as Rally Meets a Crashing Halt Bloomberg — Apr 23, 14:01 PM
Avis Stock Falls Again; Investors See Possible Equity Offering Barrons — Apr 23, 15:13 PM
Avis Budget and Hertz Global slide even further after the crowded short trade drama Seeking Alpha — Apr 23, 16:29 PM