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Revlon falls 13% as blistering rally following the cosmetic company's bankruptcy filing loses steam
Revlon stock reveresed course on Thursday, slumping lower after a huge rally pushed the stock up 600%.
Shares of the company were down about 13% Thursday morning.
The company has a large debt burden of nearly $4 billion.
Revlon stock fell on Thursday, changing course after retail investors drove a massive rally in the week since the cosmetics company filed for bankruptcy. Shares of the company were trading at $7.06 at 10:57 a.m. ET, down by about 13%. That's a reversal for the stock, which has soared in the last week since Revlon said it would file for bankruptcy on June 16. The surge of...
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