avisbudget stock is going nowhere, est price target have been from 22 to 32$ you will be lucky to see 17$ at best. in a good market. a takeover of this company will be the only way you will ever see 20$
The stock hasn't done nothing, it's ripped up and down in huge swings over the years, making a fantastic trading stock.
The underlying business has consistently improved since the economy bounced from the crisis lows and demand for used cars has skyrocketed, causing used car resale values to rise significantly as well.
If you are shorting at 13, given the recent data points, the only bet you are really taking is that the market will implode and take down levered companies with it. Been a good thesis the past few weeks, but if markets normalize in the near term, the stock will quickly snap back to high teens.