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Avis Budget Group Stock Surges 90.66% in Trading Volume to $468 Million, Ranks 177th in Active Trading Amid Class Action Lawsuit
Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 24, 2025 8:00 pm ET1min read
Avis Budget Group, Inc. (CAR) on June 24, 2025, saw a significant surge in trading volume, with a total turnover of $468 million, marking a 90.66% increase from the previous day. This placed Avis among the top 177 most actively traded stocks for the day. The company's stock price also rose by 16.88%, extending its winning streak to six consecutive days, with a cumulative gain of 40.94% over the past six days.
On June 23, 2025, Pomerantz Law Firm announced the filing of a class action lawsuit against
, Inc. and certain officers. This legal action is part of a broader effort to address concerns related to the company's securities. Investors who purchased or otherwise acquired securities during the specified class period are encouraged to take action by June 24, 2025, to be included in the lawsuit.The lawsuit, filed by Pomerantz LLP, alleges that Avis Budget Group, Inc. and certain officers made misleading statements or omissions regarding the company's financial health and operational performance. The legal action aims to hold the company accountable for any potential misconduct and to seek compensation for affected investors.
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