Avis Budget Group Surges 160% in a Month as Predicted Short Squeeze Materializes

Avis Budget Group (CAR) shares have experienced a massive rally, trading around $250 after a 19% single-day surge. This explosive move confirms the "short squeeze" scenario previously highlighted by Deutsche Bank analysts as a technical possibility. Over the past month, the stock has soared approximately 160%, driven by intense buying pressure as short sellers rushed to cover their positions. Trading volume reached several times its daily average, reflecting the high level of market activity surrounding the rental car giant. While the rally was initially triggered by technical factors, the scale of the move has drawn significant attention from momentum investors globally. The stock's performance underscores the volatile nature of price movements when market positioning becomes extreme.