Avis Budget Group (CAR) : The total money flow in Avis Budget Group (CAR) was negative ($1.81 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $3.98 million. Transactions on upticks were comparatively lower at $2.17 million. The uptick to downtick ratio was 0.55. The total block trades done on upticks were valued at $0.36 million. The total block trades on downticks were valued at $1.93 million. The uptick to the downtick ratio of block trades was 0.19. The money flow during block trades was negative ($1.57 million) when the stock traded with a gain of $78 cent. Avis Budget Group (CAR) was $35.52, an increase of 2.25% over the previous days close.
The company Insiders own 2.8% of Avis Budget Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.75% . During last six month period, the net percent change held by insiders has seen a change of 22.7%. In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, International) of Avis Budget Group, Inc., Servodidio Mark J, had purchased 1,900 shares in a transaction dated on May 17, 2016. The transaction was executed at $26.26 per share with total amount equaling $49,894.
Shares of Avis Budget Group, Inc. rose by 13.73% in the last five trading days and 8.13% for the last 4 weeks. Avis Budget Group, Inc. is up 58.62% in the last 3-month period. Year-to-Date the stock performance stands at -2.09%.
Avis Budget Group (NASDAQ:CAR): stock turned positive on Tuesday. Though the stock opened at $35.33, the bulls momentum made the stock top out at $35.85 level for the day. The stock recorded a low of $35.06 and closed the trading day at $35.53, in the green by 2.27%. The total traded volume for the day was 2,465,129. The stock had closed at $34.74 in the previous days trading.
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.