Avis Budget Group Inc. (CAR) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 3.16% to wrap the day at $38.18 after closing the day prior at $37.01. Throughout the trading session, shares of CAR rose as high as $38.29 and dipped as low as $37.05. Today’s advance came with about 1.87 million shares changing hands, compared to an average 30-day volume of 2.24 million for Avis Budget Group Inc.. The price is currently below the 30-day volume weighted average price of $37.75 for CAR.
The share appreciation today gives the company a market capitalization of $3.36 billion based upon 90.79 million shares outstanding. It also means that CAR has a price-to-book ratio of 9.91:1.
In the past 52 weeks, shares of CAR have traded as low as $21.7299 and as high as $53.04. Technical traders will take note that at $38.18, shares of CAR are trading above their 200-day MA at $30.66 and above their 50-day MA at $36.65. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CAR?
Avis Budget Group Inc provides car and truck rentals, car sharing services and ancillary services to businesses and consumers. The company’s 30000 employees are led by CEO Larry De Shon from the corporate headquarters at 6 Sylvan Way in Parsippany, NJ.
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