JUMP REPORT
| Avg Daily Volume: 3,833,550 Market Cap: 247.87M Sector: Services Short Interest: 114.93 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .79/share REV: 2,240/M
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LAST QTR: EPS: .11/share ACTUAL: -.49/share (MISS)
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NEXT QTR: EPS: -.14/share REV: 1,290/M
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FULL YR: EPS: -.05/share REV: 6,510/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -20.43, -22.0, -39.78
EXPECTED JUMP MOVE: 15-20
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
The wild trading in Avis Budget Group stock continued on Tuesday as shares of the rental-car company gained another 17% and have risen more than sixfold over the past month—and it could result in a regulatory inquiry. Two investors, SRS Investment Management and Pentwater Capital Management, together effectively control over 100% of Avis stock, reflecting ownership of stock and cash-settled total return swaps that are equivalent to stock. SRS owned 17.4 million shares and Pentwater, 7.8 million shares, as of March 25, according to the Avis proxy dated April 2. Avis has 35 million shares outstanding.
One of the wildest short squeezes of recent years continues to play out in shares of Avis Budget Group as the stock of the rental-car company rose about 23% Monday to a record high, capping a more than fivefold gain over the past month. Avis rose $115 a share, or 23%, to $608.80 on Monday. The squeeze is evoking comparison to historic short squeezes in the past, including GameStop in 2021 and Volkswagen in 2008.
GameStop (NYSE: GME) shares were trading for about $25 apiece five years after WallStreetBets turned a dying mall retailer into a cultural flashpoint. The numbers tell a complicated story. Investors who bought at the peak of the January 2021 frenzy are still deeply underwater. Those who held for a decade tripled their money. Timing was … 5 Years After the Meme Squeeze: Here’s Where $1,000 in GameStop Stands Today
If you are wondering whether GameStop at around US$24.55 is priced for a comeback or still riding old hype, the starting point is understanding what the current market price actually implies about its value. Over the past week the stock returned 4.9%, over 30 days 8.8% and year to date 19.1%, while the 1 year return sits at a 7.2% loss and the 5 year return at a 41.2% loss, so the picture is mixed for anyone looking at recent momentum versus longer history. These moves are unfolding against…
RAVE token lost 95% in a single day. Bitget CEO Gracy Chen compared the collapse to 2021 GameStop mania driven by FOMO.
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