Why Avis Budget Group Accelerated 12% Higher Today
The future is looking brighter for companies involved directly or otherwise in the travel industry. This, combined with an article in a major newspaper about a new law for rental companies, helped push Avis Budget Group's (NASDAQ: CAR) shares up past the 12% mark on Thursday.
It's safe to assume that a great many Avis investors were unaware that there's a new California state law that should put plenty more coin in their company's pocket. An article published in The New York Times Thursday morning is enlightening both consumers and investors about this legislation.
Image source: Getty Images.
Source Fool.com