JOURNAL ARTICLE

'The Jig Is Up': 70% Crash Marks Quick End to Avis Short Squeeze.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Fitzgerald, Jordan 3 of 3

Abstract

The article focuses on the rapid rise and subsequent collapse of Avis Budget Group Inc.'s stock, driven primarily by a classic short squeeze among professional speculators rather than retail investors. After surging nearly 600% in a month, the stock plunged about 70% over two days without a clear catalyst, partly fueled by speculation that Avis would issue new shares following an early earnings announcement. Unlike meme-stock rallies such as GameStop, the Avis episode involved limited retail participation and was influenced by concentrated ownership and professional trading dynamics. Analysts have turned bearish on Avis, anticipating further declines amid volatile trading conditions. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193261107
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