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Hertz - Chapter 11 vs Algorithms

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Hertz just filed for everyone’s favourite chapter in the book. I’m posting this idea 12 hours before the market opens because I am beyond curious how industrial algorithms will react to the announcement, plus the fearful trading sentiment around the stock.

This is the first time where I get to closely watch the price of a stock pre market hours after the bankruptcy announcement came in. I don’t know what to expect, but god nothing makes me more excited than algorithmic behaviour patterns.

Thoughts?


Current price: $2.84
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On Monday, sorry lol** I forgot it was Friday night

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