CNBC Auto Reporter Phil LeBeau On Avis Budget Stock: He ‘Loves This Chart’
-CNBC's "Fast Money: Halftime Report"
Mid-Day Market Update: Avis Budget Surges After Q3 Results; Chegg Shares Plunge
Midway through trading Tuesday, the Dow traded up 0.23% to 35,997.66 while the NASDAQ rose 0.34% to 15,649.41. The S&P also rose, gaining 0.36% to 4,630.05.
51 Stocks Moving In Tuesday’s Mid-Day Session
Gainers
Avis Budget Group, Inc. (NASDAQ: CAR) surged 83.9% to $315.37 after the company reported better-than-expected Q3 adjusted EPS and sales results and added $1 billion to its buyback.
Why Avis Budget Shares Are Rising
Avis Budget Group, Inc. (NASDAQ: CAR) shares are trading significantly higher after the company reported better-than-expected third-quarter adjusted earnings per share and sales results.
The company also added $1 billion to its buyback.
BZ NOTE: Otonomo, In Apr. 2020 Press Release, Highlighting $46M Series C Funding Led By SK Holdings, Avis Budget, Alliance Ventures
https://www.globenewswire.com/news-release/2020/04/30/2024795/0/en/Otonomo-Raises-46M-in-Series-C-Funding-to-Expand-Its-Automotive-Data-Services-Platform.html
Otonomo Technologies Shares Spike To Session High, Halted On Circuit Breaker Up 23%; Traders Circulate 2019 Press Release From Co. Highlight Partnership With Avis Budget For Connected Car Data
https://otonomo.io/press-releases/avis-budget-group-partners-with-otonomo-to-unlock-the-potential-of-its-connected-car-data/
Mid-Morning Market Update: Markets Edge Higher; Pfizer Boosts FY21 Outlook
Following the market opening Tuesday, the Dow traded up 0.08% to 35,942.26 while the NASDAQ rose 0.18% to 15,624.19. The S&P also rose, gaining 0.24% to 4,624.80.
Morgan Stanley Maintains Underweight on Avis Budget Gr, Raises Price Target to $140
Morgan Stanley analyst Billy Kovanis maintains Avis Budget Gr (NASDAQ:CAR) with a Underweight and raises the price target from $110 to $140.
Earnings Scheduled For November 1, 2021
Companies Reporting Before The Bell
• ANI Pharmaceuticals (NASDAQ:ANIP) is expected to report earnings for its third quarter.