Yahoo Finance Live anchor Julie Hyman breaks down the details around Avis Budget Group’s (CAR) fourth-quarter revenue miss, Arista Networks (ANET) stock after posting a fourth-quarter beat, and ZoomInfo Technologies’ (ZI) better-than-expected results. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Luke Carberry Mogan. Video Transcript JULIE HYMAN: Let’s take a look at what is trending… Source link
Read More »Avis stock just skyrocketed 108% — now what?
When a stock explodes 108% in a session — rather out of the blue — as Avis did on Wednesday, there is only one thing you should do, says Deutsche Bank analyst Chris Woronka. Drive out of dodge before you get run over. “Our first order of business is to emphasize that this downgrade is not a call to short Avis. Simply put, it is a view that investors who owned the stock prior to Tuesday should take profits. We simply cannot justify, using any reasonable traditional valuation metric, the… Source link
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