Avis Budget shares are trading lower in sympathy with Hertz, which fell after reporting mixed Q1 financial results.
Portfolio Pulse from Benzinga Newsdesk
Avis Budget Group, Inc. (CAR) shares are trading lower due to negative sentiment from Hertz's mixed Q1 financial results.
April 25, 2024 | 3:26 pm
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NEGATIVE IMPACT
Avis Budget Group, Inc. shares are trading lower following Hertz's mixed Q1 financial results, indicating negative market sentiment.
Avis Budget's stock price is negatively impacted due to its close market correlation with Hertz. Hertz's mixed Q1 results have led to a negative sentiment in the market, affecting Avis Budget's stock as investors often view companies in the same sector similarly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80