Avis Budget (CAR) issues earnings warning - Brent Archer

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Avis Budget (CAR) issues earnings warning
Oct 07, 2009 05:20 PM UTC

Brent Archer

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Symbol	Sentiment	Start	Return	Closed
CAR	n/a

Via BloggingStocks:

Filed under: Forecasts, Options, Technical Analysis

Avis Budget Group (NYSE: CAR - option chain) stock traded lower Wednesday after the company said a proposed offering of $250 million in notes could reduce its earnings per share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CAR.

Wednesday, CAR opened at $12.07. In morning trading, the stock hit a high of $12.46 and a low of $11.94. As of 10:55, CAR was trading at $12.18, down $1.10 (-8.3%). The chart for CAR looks bullish.

Continue reading Avis Budget (CAR) issues earnings warning

Avis Budget (CAR) issues earnings warning originally appeared on BloggingStocks on Wed, 07 Oct 2009 12:20:00 EST. Please see our terms for use of feeds.

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