Hertz’s $500 Million Stock Offering Proves Gamblers Have Taken Over Stocks
After filing for bankruptcy last month, Hertz will now sell common stock worth up to $500 million. The share price is now up triple digits.
June 15, 2020 No Comments
After filing for bankruptcy last month, Hertz will now sell common stock worth up to $500 million. The share price is now up triple digits.
Millennial investors on Robinhood are buying bankrupt stocks despite the high risk of shareholders being wiped out in bankruptcy proceedings.
Like Mark Cuban and Paul Tudor Jones, Carl Icahn, whose net worth exceeds $21.5 billion, now expects a pullback to hit the stock market soon.
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