Large Outflow of Money Witnessed in Avis Budget Group, Inc.

Avis Budget Group, Inc. (CAR) had an volatile session and gained 0.58 points till last call. The price was at $37.8, gaining 1.56% till the last intraday data. The total uptick value was $7.07 million while the total downtick value was $10.64 million. The shares saw a net money flow of $(-3.56) million and the up/down ratio stood at 0.66. The stock has seen a change of of -3.69% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-2.78) million. Almost $0.95 million were received in upticks and approximately $3.73 million were lost in downticks, thereby giving the up/down ratio of 0.25.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Avis Budget Group, Inc. has dropped 3.1% in the last five trading days, however, the shares have posted positive gains of 3.05% in the last 4 weeks. Avis Budget Group, Inc. is up 16.81% in the last 3-month period. Year-to-Date the stock performance stands at 3.05%. Avis Budget Group, Inc. (NASDAQ:CAR) rose 1.56% or 0.58 points on Wednesday and made its way into the gainers of the day. After trading began at $37.74 the stock was seen hitting $38.44 as a peak level and $37.4 as the lowest level. The stock ended up at $37.8. The daily volume was measured at 1,601,854 shares. The 52-week high of the share price is $41.53 and the 52-week low is $21.7299. The company has a market cap of $3,322 million.

Company has reported several Insider transactions to the SEC, on Dec 1, 2016, Ronald L Nelson (Executive Chairman) sold 150,000 shares at 39.04 per share price.On Nov 22, 2016, Michael K Tucker (EVP and General Counsel) sold 2,439 shares at 39.05 per share price.On Nov 22, 2016, David B Wyshner (President & CFO) sold 20,000 shares at 38.56 per share price.

Avis Budget Group Last issued its quarterly earnings results on Nov 2, 2016. The company reported $2.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.14. Analyst had a consensus of $2.33. The company had revenue of $2656.00 million for the quarter, compared to analysts expectations of $2649.92 million. The companys revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.

Avis Budget Group, Inc. is a leading provider of vehicle rental services, with operations in more than seventy countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue, and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet, maintenance facilities, technology and administrative infrastructure

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