Avis Budget Collapses 43% on 4.4x Volume as the Short Squeeze Unwinds
Avis Budget fell 43% on April 22, extending a two-day collapse that has erased 70% of the stock's value from its short-squeeze peak of $774.99 on April 21. News reports cite a potential equity offering as the trigger that broke the squeeze, marking a sharp reversal from the 600%+ surge that preceded it.
Supporting 5 queries
To surface this insight, Baselight ran 5 queries across its structured data. Each one is reproducible — open it, read the SQL, and rerun it yourself.
Conclusion
Close $229.14 vs. open $401.88 (-43%) on Apr 22; peak close Apr 21: $713.97 → $229.14 (-67.9% in two sessions); volume 16.8M vs. 20d avg 3.78M (4.4x).