Trader Radar - Monday Feb. 4th
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Today we’re watching a company that was formed when two rental car companies combined. Based in Tulsa, Oklahoma, the firm provides “cheap” automotive options for cost-cautious travelers. But it seems these days a “dollar” doesn’t go as far as it used to. On Monday the stock dropped the most in ten years on a poor 2007 travel outlook. Who is it?
A: Dollar Thriftyis the company on Fast Money’s trader radar today because this car rental firm traded ten times its average daily volume.