Shares of Avis Budget Group (CAR) Sees Large Outflow of Money

Avis Budget Group (CAR) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (1.59 million) in Avis Budget Group (CAR). On Monday, The value of composite uptick trades was $3.52 million, whereas, the value of composite downtick trades was $5.11 million and the ratio between the two was 0.69, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.3 million. The negative money flow of ($1.3 million) shows selling on strength. Avis Budget Group (CAR) gained $1.11 intraday at $37.49 and registrered 3.05% for the week.


Avis Budget Group, Inc. has dropped 4.38% in the last five trading days, however, the shares have posted positive gains of 2.29% in the last 4 weeks. Avis Budget Group, Inc. is up 48.2% in the last 3-month period. Year-to-Date the stock performance stands at 2.18%.

Avis Budget Group (NASDAQ:CAR): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.66 and $36.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.08, notching a gain of 1.92% for the day. The total traded volume was 2,767,620 . The stock had closed at $36.38 on the previous day.

In a related news, The officer (EVP and General Counsel), of Avis Budget Group, Inc., Tucker Michael K had unloaded 6,656 shares at $37.65 per share in a transaction on August 4, 2016. The total value of transaction was $250,598. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America, International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services. International segment provides and licenses the Companys brands to third parties for vehicle rentals and ancillary products in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

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