Hundreds of Thousands of Tiny Buyers Swarm to Insolvency Stocks

  • Hertz, Whiting Petroleum, Chesapeake Energy shares surge
  • Number of Robinhood users holding these stocks also swells

Just in the last week, 96,000 people on the Robinhood investing app opened a position in Hertz Global Holdings Inc. The number of users holding Whiting Petroleum Corp. grew roughly 10,000 in the last 24 hours.

Two things the companies have in common: They’ve filed for bankruptcy protection. And each saw their shares double to start the week.

Sarah Ponczek & Vildana Hajric | Bloomberg

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