Avis Budget (CAR) Surges 11.6%: Is This an Indication of Further Gains?

Avis Budget Group (CAR) shares soared 11.6% in the last trading session to close at $61.95. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 36.4% loss over the past four weeks.The stock has recorded this price rise as the company’s improves on the back of growth in the leisure business, driven by robust international inbound and inter-European cross-border leisure travel.This car rental company is expected to post quarterly loss ...