Today’s top US stocks: Avis Budget Group (CAR ↑180.8%), Arista Networks (ANET ↑24.0%)

Posted: 2 November 2021 4:48 pm
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Top performer badges in trading today go to Avis Budget Group Inc (CAR, up 180.8%) and Arista Networks Inc (ANET, up 24.0%).

The Dow Jones Industrial Average rose 138.79 to close at 36,052.63 and the climbed 53.69 to 15,649.60. The S&P 500 ended the session 16.98 higher at 4,630.65.

Standout performers in US markets Tuesday, Nov. 2, 2021

Avis Budget Group Inc (CAR) was the standout gainer today.

Shares in the company rose 180.8% to $481.50.

“Avis was the stock of the day, with strong third-quarter earnings beating expectations,” said Sheri Bechtel, editor for Finder’s US share trading and investing team. “The earnings only show part of the picture, though. The company’s board greenlighted $1 billion in share buybacks, which could fuel further rallies for the stock. Hedge funds have shorted Avis, so the earnings news, coupled with some news about adding electric vehicles to Avis’s fleet, made for some serious movement today. But it’s important to let the dust settle before deciding to buy. Headlines can lead to serious volatility.”

Second place for market gainers went to Arista Networks Inc (ANET), the NYSE company.

It rose 24.0% to reach $506.57.

Find out more about investing in Arista Networks Inc in Finder’s full guide.

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The top 10 biggest gainers today were:

StockPrice% change
Avis Budget Group Inc (CAR)$481.50180.8%
Arista Networks Inc (ANET)$506.5724.0%
Under Armour Inc Class A (UAA)$25.9818.2%
Under Armour Inc Class C (UA)$22.2516.9%
Zebra Technologies Corp (ZBRA)$580.497.0%
Gartner Inc (IT)$350.536.7%
Teva Pharmaceutical Industries Ltd ADRs (TEVA)$9.856.7%
Franklin Resources Inc (BEN)$37.276.0%
McKesson Corp (MCK)$220.375.9%
Rockwell Automation Inc (ROK)$336.255.1%

Market movers Tuesday, Nov. 2, 2021

Each weekday we round up the biggest gainers on the NYSE and Nasdaq, ranked by price percentage from market open to market close. To avoid higher price volatility we only include stocks with market caps of more than $10 billion. Price changes are calculated from the open to the close on the trading day, but these prices may be subject to minor variation depending on data availability.

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