'CAR' crash: Avis Budget stock plunge reminding some on Wall Street of GameStop

avis budget group stock — ticker "car" — hit a record near $850 in early trading wednesday, up from under $100 last month. then it reversed hard intraday, and the swing is drawing comparisons to the gamestop meme-stock frenzy. no specific catalyst was cited for the move, but the sheer speed and volume of the rally-then-crash has traders talking about short squeezes and retail coordination. by the close, the stock had given back most of its gains, though it still ended far above its pre-rally levels.