Why Avis Budget Stock Is Crashing Today
After nearly a month's worth of extreme bullishness driving the car-rental company's stock more than 400% higher, today's tumble following a similarly sized setback on Wednesday has nearly dragged Avis Budget Group's (NASDAQ: CAR) shares back to the rally's starting point.
Superficially, blame . In reality, chalk it up as the inevitable eventual outcome of traders' efforts to force a stock to perform to their advantage.
It's called a short squeeze.
Source Fool.com
JPMorgan Chase & Co. Stock
€310.70
0.190%
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 303 € is below the current price of 310.7 € for JPMorgan Chase & Co., so the potential is actually -2.48%.
