Shares of cosmetics maker Revlon (REV) continued their enormous trajectory, gaining almost 35% on June 22 to close at $8.14. Incredibly, the shares are up almost 600% over the past ten days. The newest so-called "meme" stock has risen for the seventh consecutive trading session, recording double-digit climbs since the news of its probable bankruptcy became public. Notably, on June 13, just before the company filed for Chapter 11, the stock reached its all-time low, crashing 50% on a single day to close at $1.17. Retail investors are amassing the stock of the company. Earlier, it was speculated that the stock rally was driven by short interests.
https://www.tipranks.com/news/whats-driving-the-incredible-revlon-stock-rally?utm_source=advfn.com&utm_medium=referral
Revlon (NYSE:REV)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Revlon Charts.
Revlon (NYSE:REV)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Revlon Charts.