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安飛士盤中飆漲超185%，市值暴漲200億美元
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joined discussion · Nov 3, 2021 20:32 ·

The stock price doubled in one day. This is the perfect recipe for an influencer stock

This is the perfect recipe for an influencer stock.
Another stock is hot.
On November 2, local time, the stock price of American car rental company Avis Budget (CAR) surged 108.31% to close at $357.17, with a market capitalization of US$23.767 billion. On the same day, the Dow rose 0.39%, Nasdaq rose 0.34%, and the S&P 500 rose 0.37%. $Avis Budget (CAR.US)$ 
According to Wind data, Avis's turnover on November 2 reached 10.55 billion US dollars. It was the second-highest traded US stock of the day, and the largest companies with high market capitalization ranked before and after it.
This is the perfect recipe for an influencer stock. Another stock is hot. On November 2, local time, the stock price of American car rental company Avis Budget (CAR) surged 108.31% to close at $357.17, with a market capitalization of US$23.767 billion. On the same day, the Dow rose 0.39%, Nasdaq rose 0.34%, and the S&P 500 rose 0.37%. $Avis Budget (CAR.US)$  According to Wind data, Avis's turnover on November 2 reached 10.55 billion US dollars. It was the second-highest traded US stock of the day, and the largest companies with high market capitalization ranked before and after it. The top ten US stocks by turnover on November 2 Source: Wind The sharp stock price trend even boosted the entire Dow Jones Transportation Average (DJT) by more than 1,000 points at one point, and caused Avis to briefly surpass AMC Entertainment Holdings (AMC) and become the largest constituent stock in the Russell 2000 Index. One of the catalysts for Avis's stock price soaring on November 2 was that the company's third-quarter profit reached a record high. According to financial reports, Avis's profit for the third quarter reached 674 million US dollars, or 10.45 US dollars per share; profit for the same period last year was 45 million US dollars, or 0.63 US dollars per share. Another catalyst is electric cars. The company's CEO Joe Ferraro (Joe Ferraro) said in a conference call on the same day that Avis will be “more...
The top ten US stocks by turnover on November 2
Source: Wind
The sharp stock price trend even boosted the entire Dow Jones Transportation Average (DJT) by more than 1,000 points at one point, and caused Avis to briefly surpass AMC Entertainment Holdings (AMC) and become the largest constituent stock in the Russell 2000 Index.
One of the catalysts for Avis's stock price soaring on November 2 was that the company's third-quarter profit reached a record high. According to financial reports, Avis's profit for the third quarter reached 674 million US dollars, or 10.45 US dollars per share; profit for the same period last year was 45 million US dollars, or 0.63 US dollars per share.
Another catalyst is electric cars. Company CEO Joe Ferraro (Joe Ferraro) said in a conference call on the same day that Avis will be “more active” in electric vehicle application scenarios.
This is all good news, but it won't be enough to give Avis such a high rise unless it becomes the darling of social media. Prior to the sharp rise on the 2nd, Avis had already assembled a large number of short hedge fund bets. This made retail investors smell a sense of emptinesswellOpportunity.With the influx of retail investors, bears are forced to make up to reduce losses.MarketWatch said in a review article:This is the perfect recipe for an influencer stock.
This is the perfect recipe for an influencer stock. Another stock is hot. On November 2, local time, the stock price of American car rental company Avis Budget (CAR) surged 108.31% to close at $357.17, with a market capitalization of US$23.767 billion. On the same day, the Dow rose 0.39%, Nasdaq rose 0.34%, and the S&P 500 rose 0.37%. $Avis Budget (CAR.US)$  According to Wind data, Avis's turnover on November 2 reached 10.55 billion US dollars. It was the second-highest traded US stock of the day, and the largest companies with high market capitalization ranked before and after it. The top ten US stocks by turnover on November 2 Source: Wind The sharp stock price trend even boosted the entire Dow Jones Transportation Average (DJT) by more than 1,000 points at one point, and caused Avis to briefly surpass AMC Entertainment Holdings (AMC) and become the largest constituent stock in the Russell 2000 Index. One of the catalysts for Avis's stock price soaring on November 2 was that the company's third-quarter profit reached a record high. According to financial reports, Avis's profit for the third quarter reached 674 million US dollars, or 10.45 US dollars per share; profit for the same period last year was 45 million US dollars, or 0.63 US dollars per share. Another catalyst is electric cars. The company's CEO Joe Ferraro (Joe Ferraro) said in a conference call on the same day that Avis will be “more...
Another influencer stock that has made bears keep up
in2Before the sharp rise in the day, Avis had already risen this year359.68%。Barron's10month14Japan cites Morgan Stanley analyst Billy·Corbanis(Billy Kovanis)According to the opinion, investors are too positive about the outlook for the car rental industry, and the stock's recent relatively short-term earnings performance has been given too much value.Corvanis will downgrade Avis to“lessening”, and give it to the share! 110The target price of the US dollar.
According to S3 Partners, 21% of the car rental company's freely tradable shares were sold short. Shorting agencies adopt a matching trading strategy to go long on their competitor Hertz (HTZZ) when shorting Avis.
This is the perfect recipe for an influencer stock. Another stock is hot. On November 2, local time, the stock price of American car rental company Avis Budget (CAR) surged 108.31% to close at $357.17, with a market capitalization of US$23.767 billion. On the same day, the Dow rose 0.39%, Nasdaq rose 0.34%, and the S&P 500 rose 0.37%. $Avis Budget (CAR.US)$  According to Wind data, Avis's turnover on November 2 reached 10.55 billion US dollars. It was the second-highest traded US stock of the day, and the largest companies with high market capitalization ranked before and after it. The top ten US stocks by turnover on November 2 Source: Wind The sharp stock price trend even boosted the entire Dow Jones Transportation Average (DJT) by more than 1,000 points at one point, and caused Avis to briefly surpass AMC Entertainment Holdings (AMC) and become the largest constituent stock in the Russell 2000 Index. One of the catalysts for Avis's stock price soaring on November 2 was that the company's third-quarter profit reached a record high. According to financial reports, Avis's profit for the third quarter reached 674 million US dollars, or 10.45 US dollars per share; profit for the same period last year was 45 million US dollars, or 0.63 US dollars per share. Another catalyst is electric cars. The company's CEO Joe Ferraro (Joe Ferraro) said in a conference call on the same day that Avis will be “more...
However, the latest earnings data has made investors looking for investment opportunities in Meme shares (influencer stocks) focus on Avis, which has been severely shorted. MarketWatch quoted data from HypeEquity and pointed out that discussions on Avis on social media surged 36300% on Tuesday and pushed its stock price to skyrocket 200% in the first 90 minutes of the trading day. The stock price soared to a high of $545.11, and triggered breakdowns several times in the intraday period.
By the time Avis soared to $481.5, losses for bears had reached $42.9 billion in market capitalization, according to S3 Partners data. However, a New York hedge fund that has bought Avis since 2010 made a lot of money on Tuesday. According to Reuters calculations, according to Avis's closing price on Tuesday, the market value of the company's position held by its largest shareholder, SRS Investment Management Company, rose by 5.53 billion US dollars from Monday.
According to Wind data, as of November 2, Avis's stock price has risen 857.56% so far this year. In terms of other influencer stocks, GameStop (CME) rose 998.67%, AMC Entertainment Holdings rose 1729.72%, and BlackBerry (BB) rose 71.95%.
The keyword “electric vehicle” ignites imagination
Investors' interest in Avis is also due to its rival Hertz and Tesla, TSLA (Tesla, TSLA)'s recent disconnection.
“Barron's” reports that Hertz issued an announcement on October 25 stating that it plans to build an electric vehicle fleet and reach a deal with Tesla to purchase 100,000 Tesla electric vehicles by the end of 2022.
However, this news was directly denied by Tesla founder Elon Musck (Elon Musck). On November 2, Musk tweeted that Tesla has not signed a contract to deliver 100,000 electric vehicles to Hertz by the end of next year.
Contrary to Hertz's high-profile official announcement of electric vehicle plans, Avis did not disclose specific plans to increase electric vehicles other than the CEO's statement. But that doesn't mean Avis isn't seeking a potential electric vehicle deal — chief financial officer Brian Choi (Brian Choi) said in a Tuesday conference call that for competitive reasons, the company wants to “execute before announcing.”
Whether it is actively bundling or acting in a low-key manner, once linked to electric vehicles or Tesla, the enthusiasm of the market can easily be ignited by investors' imagination.
“Barron's” reports that Hertz's stock price, which withdrew from bankruptcy proceedings on June 30, rose nearly 50% in October. On November 2, Hertz's stock price was 35.06 US dollars, and the market value reached 16.532 billion US dollars. Avis's market capitalization is $23.77 billion.
Competition between the two giants of the car rental industry in the area of electric vehicles may be inevitable. In response to Musk's tweet, a Hertz spokesperson responded: “Hertz has initially ordered 100,000 Tesla electric vehicles and is investing in new electric vehicle charging infrastructure in the company's global business. Tesla has already begun delivering cars. Demand for Tesla was very strong in our early electric vehicle fleet plans, which also reflects the market's demand for Tesla.”
Avis CEO Joe Ferraro said in a conference call on Tuesday: “In the past, we had electric vehicles in our fleet, and there will be more electric vehicles in the future. We will play an important role in the growth of electric vehicles in the US.” However, he also pointed out that Avis hopes to see more electric vehicle models on the market to prevent the operational risks posed to the fleet by component shortages or potential recalls.
Article | Lin Yidan, Chinese writer for Barron's
Edit | Kang Juan
(This article is for readers' reference only and does not constitute investment, accounting, legal, or tax advice.)
This is the perfect recipe for an influencer stock. Another stock is hot. On November 2, local time, the stock price of American car rental company Avis Budget (CAR) surged 108.31% to close at $357.17, with a market capitalization of US$23.767 billion. On the same day, the Dow rose 0.39%, Nasdaq rose 0.34%, and the S&P 500 rose 0.37%. $Avis Budget (CAR.US)$  According to Wind data, Avis's turnover on November 2 reached 10.55 billion US dollars. It was the second-highest traded US stock of the day, and the largest companies with high market capitalization ranked before and after it. The top ten US stocks by turnover on November 2 Source: Wind The sharp stock price trend even boosted the entire Dow Jones Transportation Average (DJT) by more than 1,000 points at one point, and caused Avis to briefly surpass AMC Entertainment Holdings (AMC) and become the largest constituent stock in the Russell 2000 Index. One of the catalysts for Avis's stock price soaring on November 2 was that the company's third-quarter profit reached a record high. According to financial reports, Avis's profit for the third quarter reached 674 million US dollars, or 10.45 US dollars per share; profit for the same period last year was 45 million US dollars, or 0.63 US dollars per share. Another catalyst is electric cars. The company's CEO Joe Ferraro (Joe Ferraro) said in a conference call on the same day that Avis will be “more...
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