US Stock Market Move | The empty market has temporarily paused. Avis Budget Group, Inc. (CAR.US) fell by more than 2%, after previously surging by 390% in the past month.

On Wednesday, Avis Budget Group, Inc. (CAR.US) experienced a pause in the short-selling frenzy, with the stock opening high and then falling back, now down over 2%, following a 390% surge earlier in the month. The trigger for this stock price surge for Avis Budget Group, Inc. was an epic "short squeeze" that began in early April. Pentwater Capital Management suddenly announced a large-scale position in Avis Budget Group, Inc., causing their stake to soar to 22%, combined with long-term major shareholder SRS Investment Management already holding nearly half of the shares, leading to a severe shortage of available tradable shares in the market. Deutsche Bank Aktiengesellschaft analyst Chris Woronka stated, "We find it difficult to justify the current stock price using traditional indicators and a 12-month investment horizon." He downgraded Avis Budget Group, Inc.'s stock rating from "Buy" to "Hold." He added, "We believe that the risk of short squeezing causing further price increases still exists."