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Stocks making the biggest moves midday: Tesla, Chegg, Avis and more
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cnbc.comIn this article
Check out the companies making headlines in midday trading.
Avis Budget — Shares of the rental car company jumped nearly 100% after Avis Budget reported a huge earnings beat for the third quarter. The stock had abnormally short interest before the earnings report, which appears to have caused a squeeze as hedge funds try to cover their bets against the stock.
Chegg — Shares of the education technology company plunged 46% after the company delivered disappointing sales guidance, citing a slowdown in enrollment from the pandemic. Several Wall Street shops downgraded Chegg on Tuesday, including Morgan Stanley.
Tesla, Hertz — Tesla CEO Elon Musk tweeted on Monday night that the electric vehicle maker had not signed a contract
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