Robinhood traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks | Markets Insider

Robinhood traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks

in late May, days after the car-rental giant filed for bankruptcy.

Retail investors have rushed to fill the void he left: Hertz stock has rocketed up nearly 900% from the low of 56 cents it hit on May 26. Similarly, JC Penney stock has surged more than 150% and Whiting has rebounded upwards of 800% since the companies entered Chapter 11.

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