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Should You Buy Hertz Stock Now?

Should You Buy Hertz Stock Now?

Now that Hertz (NYSE: HTZ) has officially filed for bankruptcy, and its stock price has plunged under $1 per share, many investors are asking themselves if it's time to buy shares in hopes that the company restructures and rebounds when travel restrictions related to the coronavirus pandemic are lifted. Unfortunately, that's not exactly how it works, and if you buy Hertz stock right now, you'll very likely be left holding the bag. Let me explain exactly what's happening with Hertz stock right now and discuss one clear reason why you shouldn't buy.