What Happened to Hertz Stock?
They went bankrupt therefore investors started to warn people not to buy the Hertz stock. There was not enough money to pay off debt holders but that has changed. A lot of people bought existing stock and Hertz did not get new stock.
If you think about 2020, Hertz did not go well. Some people who had the chance to time this rollercoaster saved themselves while others who held it in June when the company’s activities died lost all their money. Some people are impatient therefore they do not wait, cash out their money and accept their loss. Unfortunately, this Hertz Stock turned the tables in the opposite way. Today the people who stayed in this stock and held it, look smart
It saw big price swings and changes, but it did not see the stock around $5 until today. Hertz stock price was about $6 on May 17,2021 which means it was up for about %250 in the past 30 days. Since last June 2020, it is for nearly 360%. After the bidding war for this company to buy the remains of Hertz, they said the stockholders will get paid $8 per share. If you are the one who bought and held it until now, you are lucky.
People started coming out of vacation and these days people do not want to go out of the country because they do not want to deal with PCR tests. Mostly they choose to go on vacation in the U.S. That extra demand for vacation increases demand for US rentals. Last year nobody was going out; they were staying at home. Now that is the opposite.
The car manufacturers cannot produce all the cars that they can sell. Car rental companies cannot get any new cars to meet this summer demand because they can only buy it at retail. Hertz stock price was $3.80 a share two weeks ago. Now Hertz stock is up to $6.03. They went bankrupt and filed for bankruptcy then it had a surge up to nearly $6.
Hertz Stock: What is Meme Stock?
Especially in this year we are seeing more meme coins or joke coins than the serious ones so you can be curious about what meme stock is. Meme stock is a stock whose value can go up wildly beyond expectations. Meme is a coin or a token that has no inherent value. You could use a liquidity pool to give it value and value is added when people buy the coin out of this liquidity pool. Meme stocks have managed to cause intensive valuation changes in some stocks and created new waves in investment circles. You can follow Twitter, Reddit and social media platforms to see their impacts.
Although they do not have professional backgrounds generally, investors cannot ignore meme stocks or coins anymore. They are usually overpriced and volatile. Usually, they see a massive growth in a short time, so you can understand which one is meme stock or coin. Today they are very popular among real investors. Usually, hype gives them a direction.
Some investors think it is not right to invest short term popular particular stocks while some others find it funny and earn a lot from these meme stocks.
You have a %50 chance to lose all of your money and %50 chance to multiply it so many times. This is what the crypto market is for meme coins. There are so many new coins created with very small market caps. They are typically themed around a meme on the internet. Dogecoin is one of the most popular meme coins branded off the doge meme. We all know that if you bought dogecoin in the beginning, you would be very happy as a millionaire right now.