Have you ever seen a stock's price explode overnight, leaving everyone wondering why? You're about to learn how a 'short squeeze' can turn a struggling company into a temporary Wall Street darling, often without any real change to its business.
Avis Budget Group (CAR) stock recently surged over 100% in a single day, baffling many investors.
On November 2, 2021, Avis's stock price jumped from around $170 to over $540 before settling at $370.