What Hertz Stock Says About the Perils of Investing in the Robinhood Era

Last Tuesday, Hertz (NYSE:HTZ) reached a temporary $650 million deal with its creditors to reduce its fleet, which would save roughly $80 million a month. Hertz stock holders cheered, sending shares of the bankrupt company up almost 30% within a matter of minutes.Source: aureliefrance / Shutterstock.com These gyrations were just the latest in a months-long saga. Despite declaring bankruptcy on May 22, Hertz has seen a resurgence in retail investor interest. Since then, 125,000 investors on...