On Wednesday, Avis Budget Group Inc. (NASDAQ:CAR)’s shares declined -4.46% to $42.22.
Avis Budget Group, Inc. (CAR) declared that it has reached an expanded, new multi-year partnership marketing agreement with Southwest Airlines (LUV) which will enable the Company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and services to Southwest customers. Southwest Airlines flies more than 100 million passengers per year, and Avis Budget Group provides travelers with more than 100 million vehicle rental days per year.
As part of the new agreement, Avis, Budget and Payless will have advertising placement on the Southwest Airlines website in addition to merchandising placement throughout the airline reservation process. The car rental brands will also be featured on airline confirmation pages and pre-trip emails to customers. Special car rental discount offers, such as bonus Rapid Rewards(R) credits for accomplished rentals will also be presented on southwest.com.
Avis Budget Group, Inc., together with its auxiliaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company has three segments: North America, International, and Truck Rental. It operates the Avis car rental system with about 5,450 locations, that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with about 3,500 car rental locations, which serve the value-conscious segments of the industry; and Zipcar, a membership-based car sharing network that provides vehicles to about 915,000 members.
KB Home (NYSE:KBH)’s shares dropped -1.30% to $16.66.
KB Home (KBH), one of the nation’s largest and most recognized homebuilders, recently declared the grand opening of its new Miller Ranch community in Converse, which offers spacious one- and two-story energy-efficient floor plans with easy access to IH-35, IH-10 and Loop 1604.
In addition to the advantages of Miller Ranch’s proximity to downtown San Antonio and major employers such as Toyota, Randolph A.F.B. and Fort Sam Houston, residents can enjoy a community park with a children’s playscape, picnic pavilion and a walking trail, in addition to the sports court and tennis courts at nearby Friendship Park. A Walmart Superstore and a variety of family-friendly restaurants and shopping centers are also a short distance away. Children living in Miller Ranch will attend Judson ISD schools such as Karen Wagner High School, which is directly across the street from the community’s entrance.
KB Home operates as a homebuilding company in the United States. It constructs and sells various homes, counting attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers under the name KB Home.
At the end of Wednesday’s trade, Lennar Corporation (NYSE:LEN)‘s shares dipped -0.73% to $52.38.
Lennar Corporation (LEN) has pulled back in the last week, but traders apparently believe that any further losses will be limited.
optionMONSTER’s tracking systems identified the sale of 2,300 July 43 puts in one print for the bid price of $0.60 this morning. This is clearly a new position, as open interest in the strike was a mere 10 contracts before the trade occurred.
The put seller collects the $0.60 premium and is looking for TICKER to stay above $43 through expiration in mid-July. If the stock falls below that strike price, the trader will be on the hook to buy shares at that level.
LEN is down 0.63 percent to $47.10 recently. The homebuilder rallied above $50 about a week ago with strong housing starts but hit resistance at its 50-day moving average and has been falling since.
Recently put selling makes up more than 80 percent of the option volume in Lennar, which already matches its full-session average for the last month.
Lennar Corporation, together with its auxiliaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily comprise the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, in addition to the purchase, development, and sale of
Commscope Holding Company Inc (NASDAQ:COMM), ended its Wednesday’s trading session with -2.99% loss, and closed at $29.53.
CommScope Holding Company, Inc. (COMM) has partnered with HP to provide its iTRACS® data center infrastructure administration (DCIM) platform with HP’s Converged Administration Consulting Services.
The combination of iTRACS DCIM and HP’s converged administration framework simplifies and improves the ability of data center managers to manage and optimize their infrastructure to meet their organization’s fast-changing needs. This partnership extends iTRACS capabilities by providing decision-makers with improved HP infrastructure administration solutions to optimize the capacity, availability and efficiency of their infrastructure.
CommScope Holding Company, Inc., together with its auxiliaries, provides connectivity and infrastructure solutions for wireless, business enterprise, and residential broadband networks worldwide. The company operates through three segments: Wireless, Enterprise, and Broadband.
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