Someone out there decided to convert the loose change out of their car into a share of Hertz right after they filed for bankruptcy. While no one in their right mind would recommend that, those people didn’t count on everyone else losing their minds just a week later!
Let’s say that you had $1,200 saved up to buy a beater car but instead decided to buy a tiny portion of a beaten rental car company instead. Well, your $1,200 worth of shares in Hertz would now have people excited to pay you nearly $14,000 for your total stake in the company’s theoretical future profits. *Whistle*