Avis Triggers Meme Stock Streak After Ceo Announces Electric Vehicle Push Analysts Urge Caution
Avis went into meme-stock territory yesterday, following earnings that beat expectations as the company announcing it was adding more electric vehicles, following “the bold move by one of our competitors.” By Yaёl Bizouati-Kennedy Follow: Musk Tweets That Tesla/Hertz Deal ‘Not Signed,’ Stock Takes 5.2% HitMore: Hertz Will Make 50,000 Teslas Available to Uber Drivers The stock more than doubled yesterday to $357.17, after more than tripling at one point in New York, bringing total gains for the year to a whopping 858%, Bloomberg reported....