Bankrupt Meme-Stock Favorite Revlon Plummets After New York Stock Exchange Delisting

Revlon Inc. shares dropped extra than half their price Friday right after the New York Stock Exchange created the natural beauty items firm’s delisting formal, deflating a surge of marketplace interest that adopted its chapter 11 bankruptcy filing in June.

Shares fell by much more than 50% to close at considerably less than $2 on Friday soon after the NYSE explained Thursday that it experienced denied Revlon’s charm to stay detailed on the Large Board. The inventory is investing over the counter. It was trading all around $2 when it filed for bankruptcy but soared much more than 400% the following 7 days. It has given that shut at charges approaching $9, irrespective of its financial strains.

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