/biz/ - Business & Finance

This is the real thread. Thanks for baking OP.

Hertz got delisted and then came back and did a 150x

Not selling

So hertz pumped 150x after they filed chapter 11. Wagmi.

I’m cool with this
>With the [E] Catalyst that was the Chapter 11 filing itself, and (F) FOMO piling into the stock in the days following that, a Short Squeeze was indeed triggered. The share price opened at $0.40 on 26th May 2020, the first trading day after the filing, but rocketed up to $6.25 less than two week later – an increase of 1463%. Of course most investors who bought the stock before the filing had averaged much higher than $0.40, but Hertz’s subsequent restructuring has resulted in the following share price history since 2020:

>As can be seen, the fundamentals of the company turned around dramatically and eventually resulted in the remaining short sellers’ positions being forced closed. When it became clear that the fundamentals of the company conclusively removed the threat of bankruptcy, two additional Short Squeezes took place in 2021. The second of these resulted in a share price of $46.00 on 2nd November 2021, meaning an 11,500% percent from the immediate low following the Chapter 11 filing, and comfortably above most retailed investors average buy price prior to it.