Shares of Avis Budget Group Inc. CAR, +108.31% rocketed up as much as 212% on Tuesday thanks to a corresponding surge in social media interest in what may be a rather heavily shorted ticker.
So violent was the action in Avis shares that they managed to push the entire Dow Jones Transportation Average DJT, +6.88% up more than 1,000 points at one point Tuesday. iframe.twitter-tweet { width: 100% !important; } “If any of this is based on Hertz, I’d like to emphasize that no contract has been signed yet,” tweeted Musk, who is also the CEO and founder of Tesla, replying to a tweet that tied Tesla’s price rise price to news that Hertz had agreed to buy 100,000 Teslas.
ThorntonMcEnery i can assure u this wasn’t wsb
ThorntonMcEnery good
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Source: CNBC - 🏆 12. / 72 Read more »