price down icon3.85%   -4.0329

Why is Avis Budget Group Inc (CAR) Stock down?

We've noticed a 5.02% decline in Avis Budget Group Inc (CAR) stock during the 2024-05-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
20 Dec, 2023:

Shares of Avis Budget Group Inc (CAR) dropped by 5.42% from $188.73 to $178.50 in the trading on Wednesday, December 20, 2023. The reason why CAR down today is due to the sale of company stock by Avis Budget Group's Executive Vice President, Izilda P. Martins. He sold 3,950 shares of Avis Budget Group Inc's stock in a transaction that took place on Friday, December 15th. The shares were sold at an average price of $195.86, resulting in a total transaction value of $773,647.00. Following this sale, the executive vice president now holds 21,145 shares in the company, valued at approximately $4,141,459.70. The sale was disclosed through a filing with the Securities & Exchange Commission (SEC), which is accessible on the SEC's website. Investors may have reacted to this insider sale, which contributed to the observed decline in Avis Budget Group Inc's stock price on December 20, 2023.

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