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Why Avis Popped 13% Early Tuesday

TheMotleyFool

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Shares of Avis Budget Group (NASDAQ: CAR), a vehicle rental company, jumped over 13% higher Tuesday before giving up some gains in the late afternoon as many transportation and "reopening" stocks rose thanks to vaccine and stimulus hopes.

At the time of this writing the Dow Jones Transportation Average was fighting to continue its 10-day streak moving higher and is on the cusp of being positive for the year. The broader transportation rise also pushed Avis higher Tuesday and almost back to even for the year.