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MarketBeat

Dan Schmidt

Avis Short Squeeze Shocked the Market: Are These 3 Stocks Next?

Avis short squeeze GRPN ASAN BYND Car Dustin Moskovitz Groupon Asana MarketBeat

Investors felt like it was 2021 all over again when shares of Avis Budget Group (NASDAQ: CAR) soared from $100 to $850 in just over three weeks.

No announcement or breakthrough caused the surge; just a classic short squeeze story involving an artificially-limited float and unbridled risk-seeking behavior.

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