Do Traders Think Avis Budget Group Inc. (CAR) Can Turn Around Tuesday?

Overall market sentiment has been down on Avis Budget Group Inc. (CAR) stock lately. CAR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Avis Budget Group Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CAR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CAR Stock Today?

Avis Budget Group Inc. (CAR) stock is trading at $166.12 as of 1:22 PM on Tuesday, Jan 25, a drop of -$10.31, or -5.84% from the previous closing price of $176.43. The stock has traded between $162.31 and $171.08 so far today. Volume today is low. So far 630,062 shares have traded compared to average volume of 1,009,507 shares. To screen for more stocks like Avis Budget Group Inc. click here.

More About Avis Budget Group Inc.

Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas. Click Here to get the full Stock Report for Avis Budget Group Inc. stock.