Bankrupt and distressed companies have been a hit this year with some investors on the hunt for pandemic bargains. When car-rental company Hertz filed for bankruptcy protection, bullish investors drove a rally of more than 900% in the stock. Similarly, furniture retailer Wayfair, which analysts frequently consider one of the most vulnerable companies, saw its share price rally 250% at one point this year.

Source: Wall Street Journal September 14, 2020 00:00 UTC