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Avis Budget Group, Inc. (NASDAQ:CAR) shares are climbing rapidly during Thursday’s trading session. The move follows a period of intense volatility for the mobility giant. A massive short squeeze is the primary driver behind the sudden upward price action.
The Nasdaq is up 0.51% while the S&P 500 has gained 0.25%.
• Avis Budget Group stock is approaching key resistance levels. Why are CAR shares at highs?
Circuit Breakers Triggered Amid Rally
On Thursday, Avis Budget Group shares were halted after triggering an upside circuit breaker. At the time of the halt, the stock gained 7.49%. Trading later resumed as buyers …
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