CBOE Equity Put/Call Ratio is reaching an extreme. Bankrupt Hertz stock now trading above where it was prior to filing for bankruptcy…

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Hertz bankruptcy is CANCELLED by robinhood “investors”

Headline bullet points:

  • Since filing for bankruptcy in late May, Hertz has surged 825%.
  • That’s not what investors normally expect for a company that declared it can’t meet its debt obligations.
  • Hertz has surged higher following a steady drip of positive economic data that points to a recovery from the damage caused by the coronavirus.
  • While retail investors on Robinhood loaded up on the stock, billionaire investor Carl Icahn liquidated his entire stake at 70 cents a share, for a loss of more than $1.8 billion.

 

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