Amateur day traders had a field day with Hertz. Now, Morgan Stanley says Avis stock could be next and skyrocket 65%. (AVIS, HTZ)

Business Insider

03 Jul 2020 0 shares 1 views

Amateur day traders had a field day with Hertz. Now, Morgan Stanley says Avis stock could be next and skyrocket 65%. (AVIS, HTZ)

Business Insider

Published 03 Jul 2020

· After Hertz filed for bankruptcy, its stock became a playground for day traders hoping to capitalize on the volatility.
· The company's lawyers even cited the gains as reason to sell more potentially worthless stock.
· Now, Avis could be next. Morgan Stanley upgraded the stock Thursday with an aggressive price target...

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Amateur day traders had a field day with Hertz. Now, Morgan Stanley says Avis stock could be next and skyrocket 65%. (AVIS, HTZ)

Amateur day traders had a field day with Hertz. Now, Morgan Stanley says Avis stock could be next and skyrocket 65%. (AVIS, HTZ)

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Related news coverage

A monster trading quarter saved the day at JPMorgan and Citigroup. But the second half of 2020 looks grim.

JPMorgan volatility traders raked in $700 million through June — three times what they brought in for all of 2019. Here's how they outpaced Goldman Sachs and Morgan Stanley on the hottest trade of the year.

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