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Stocks in Focus: Avis Budget Group, Inc. (CAR), Commercial Metals Company (CMC), GNC Holdings, Inc. (GNC)

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Avis Budget Group, Inc. (CAR) had a active trading with around 4.42M shares changing hands compared to its three month average trading volume of 1.44M. The stock traded between $38.35 and $41 before closing at the price of $40.66 with 5.83% change on the day. The Parsippany New Jersey 07054 based company is currently trading 87.11% above its 52 week low of $21.73 and -2.09% below its 52 week high of $41.53. Both the RSI indicator and target price of 65.92 and $43.75 respectively, lead us to believe that it should be put on hold over the coming weeks.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company operates through Americas and International segments. It operates the Avis car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately 3,900 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to approximately 1 million members. The company also operates the Payless brand, which comprises approximately 200 vehicle rental locations; Apex brand primarily in the deep-value segment of the car rental industry with approximately 20 rental locations; and the Maggiore brand that provides vehicle rental services in the commercial, leisure, and insurance replacement/leasing segments with approximately 100 rental locations in Italy. In addition, it is involved in the local and one-way truck rental businesses with a fleet of approximately 21,000 vehicles, which are rented through a network of approximately 1,000 dealers and 450 company-operated locations that serve the consumer and light commercial sectors in the continental United States. Further, the company provides a range of optional insurance products and coverages, such as supplemental liability insurance, personal accident insurance, personal effects protection, automobile towing protection, and cargo insurance. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.

Commercial Metals Company (CMC) managed to rebound with the stock climbing 4.23% or $0.94 to close the day at $23.14 on active trading volume of 4.38M shares, compared to its three month average trading volume of 1.93M. The Irving Texas 75039 based company has been outperforming the steel & iron group over the past 52 weeks, with the stock gaining 63.98%, compared to the industry which has advanced 102.84% over the same period. With RSI of 64.61, the stock should still continue to rise and get closer to its one year target estimate of $20.6, making it a hold for now.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. The Americas Mills segment manufactures finished long steel products, including reinforcing bars, merchant bars, light structural products, and other special sections, as well as semi-finished billets for re-rolling and forging applications. This segment sells its products to construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical, and original equipment manufacturing industries. The Americas Fabrication segment offers fabricated steel products for use in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams. The International Mill segment manufactures rebars, merchant bars, and wire rods, as well as semi-finished billets; and sells fabricated rebars, fabricated meshes, assembled rebar cages, and other rebar by-products. This segment sells its products to fabricators, manufacturers, distributors, and construction companies. The International Marketing and Distribution segment processes, sells, and distributes steel products, ferrous and nonferrous metals, and other industrial products to manufacturers in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction, and transportation industries. The company was founded in 1915 and is headquartered in Irving, Texas.

GNC Holdings, Inc. (GNC) shares were up in last trading by 1.46% to $8.32. It experienced higher than average volume on day. The stock increased in value by almost 3.1% over the past week and fell -26.24% in the past month. It is currently trading -23.63% below its 50 day moving average and -54.98% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -76.07% decrease in value from its one year high of $35.9. The RSI indicator value of 33.03, lead us to believe that it is a hold for now.

GNC Holdings, Inc., together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: Retail, Franchise, and Manufacturing/Wholesale. Its products include vitamins, minerals, and herbal supplement products; and sports nutrition products, diet products, and other wellness products. The company sells its products under the GNC proprietary brands, including Mega Men, Ultra Mega, Total Lean, Pro Performance, Pro Performance AMP, Beyond Raw, GNC Puredge, GNC GenetixHD, and Herbal Plus, as well as under third-party brands. It operates a network of approximately 9,000 locations under the GNC brand worldwide. The company sells its products through company-owned retail stores; Websites, including GNC.com and LuckyVitamin.com, as well as Drugstore.com; domestic and international franchise activities; third-party contract manufacturing; and e-commerce and corporate partnerships. GNC Holdings, Inc. was founded in 1935 and is headquartered in Pittsburgh, Pennsylvania.

 

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