Avis Budget Group Inc. Common Stock (NASDAQ: CAR)
52 Days left to seek lead plaintiff status.
The Complaint alleges that Defendants orchestrated a scheme to manipulate the market for Avis securities. Taking advantage of Pentwater’s position as one of Avis’s largest shareholders, holding a total economic interest of approximately 51% of the Company through stocks and cash-settled swaps as of March 2026, Defendants’ aggressive purchasing of Avis stock during the Class Period triggered unusual volatility and a short squeeze in the market for Avis securities – i.e., a rapid surge in the Company’s stock price caused by short sellers buying back shares to cut their losses, thereby fueling further price spikes – all of which served to greatly increase the value of Pentwater’s holdings of Avis stock.