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Roller Coaster Ride For Hertz
Posted
May 24, 2024
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1,339
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21
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1.87%
May 24, 2024
1,339
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2:40Now PlayingOne of the great markers of out of control, irrational market froth during the pandemic was when legions of day traders began snapping up shares of Hertz in the aftermath of its bankruptcy filing. That filing came four years ago yesterday, May 23, 2020, when the car rental company asked a judge for protection from creditors amid sweeping COVID travel restrictions that destroyed demand and left it holding the bag financially.
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