Stock price performance of Avis Budget Group, Inc. is analyzed for various periods using several stock trading signals. The stock price have dropped -0.89% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 1.78% . Looking at the past 52 week period, the stock price is up at 45.56% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Avis Budget Group, Inc. has a positive value of 34.06 compared to overall market. For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a 20-day Moving Average of 6.62% and the 50-Day Moving Average is 3.24%.The 200 Day SMA reached 15.48%
Avis Budget Group, Inc. is having a Relative Strength Index of 50.55 which indicates the stock is not yet over sold or over bought based on the technical indicators. Avis Budget Group, Inc. (NASDAQ:CAR) has tumbled 3.95% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.6% in the last four weeks. The stocks have underperformed the S&P 500 by 4.06% during the past week but Avis Budget Group, Inc. (NASDAQ:CAR) it has outperformed the index in 4 weeks by 2.68%.
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. (NASDAQ:CAR) : On Friday heightened volatility was witnessed in Avis Budget Group, Inc. (NASDAQ:CAR) which led to swings in the share price. The stock opened for trading at $37.69 and hit $37.85 on the upside , eventually ending the session at $37.7, with a gain of 1.07% or 0.4 points. The heightened volatility saw the trading volume jump to 1,729,676 shares. The 52-week high of the share price is $41.53 and the company has a market cap of $3,313 million. The 52-week low of the share price is at $21.7299 .
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