Robinhood traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks

4:04am PDT - June 9th, 2020    robinhood - Business Insider

• Robinhood traders are betting on bankrupt companies including Hertz and JCPenney, even though shareholders tend to be losers in the bankruptcy process.
• Hertz, JCPenney, and Whiting Petroleum shares all rose more than 95% on Monday, while Che…