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Stock Alert: Avis Budget Up 19%

Shares Avis Budget Group, Inc. (CAR) gained over 19% on Thursday morning. The company's stock is currently trading at $26.74, up $4.26 or 18.95%, on the Nasdaq.

The car rental company's stock has traded between $6.35 and $52.98 for the year-to-date period.

Used car market is recovering quickly than expected, as auto industry continues to be negatively impacted by the ongoing coronavirus pandemic.

Morgan Stanley upgraded the stock and raised its price target by nearly 50%.

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Editors Pick
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
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