Cosmetics maker Revlon officially filed for Chapter 11 last week, but you wouldn't realize that by just looking at its stock (REV). Despite the bankruptcy, REV has been surging and saw a 138.89 percent increase in the past five days alone.
Revlon stock plunged to...
According to industry insiders, cosmetics maker Revlon is bracing itself for a bankruptcy filing. The Wall Street Journal reports that the company is expected to file for chapter 11 protection in the coming weeks.
The news immediately caused the REV stock to drop by 50%...