Over 1 Year Ago
2 Min Read

REV shares gained 29% today. Here's what's moving the stock:



Shares of Revlon Inc (REV) are trading 29% higher at a price of $8.45 at the time of this writing.

  • A judge has set Aug. 24 for a hearing for Revlon common equity holders on their petition for the formation of official equity committee in Revlon's Chapter 11 bankruptcy

Revlon Inc has been trading between a 52-week high of $17.65 and a 52-week low of $1.08. The stock has a market cap of $459 Million.

Revlon has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer, heritage and celebrity fragrances.

Headlines


Why Revlon Stock Sank This Week
The Motley Fool 08-12-22

Revlon Stock: Bankruptcy Filing And After (NYSE:REV)
Seeking Alpha 08-12-22

Revlon shareholders seek official representation in bankruptcy case
Reuters 08-09-22

Judge set to hear Revlon equity holders petition to form official committee Aug. 24
Seeking Alpha 08-09-22

Revlon Stockholders Ask for Court Blessing to Form Equity Committee
The Wall Street Journal 08-09-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverseโ„ข:

Moezerozerozerozero - 7 upvotes - source
People are spending lots of money on makeup and beauty, and retailers are cashing in. -CNBC Rev to the moon! ๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿš€

taffy_laffy - 7 upvotes - source
$ZIP current price $21.03 - Been looking more into it, company last quarter went from $49 mil to $490 mil cash on hand, YoY rev up 80-100% every quarter - they beat EPS/Rev estimates by huge amounts every quarter. earnings monday after close. 16th Sep $25 Calls - give similar return to 19th Aug $22.5 expiry but with a 1 month buffer vs 1 week buffer. anyone else looking into it? thoughts?

captainoompa - 6 upvotes - source
Rev coming out of nowhere for another leg up

ahminus - 5 upvotes - source
I do. I regularly buy and sell in blocks of 1,000, but I have had buys go to "WAIT, IN REV", meaning review I think, sometimes for up to a minute or two. These are ~$200,000 trades in a 7 figure account, FWIW.

Kmart_Elvis - 5 upvotes - source
I sold my REV shares last week to buy BBBY.

BLOW_0 - 5 upvotes - source
BAN BNGO AND REV TRASH PUMPERS

BLOW_0 - 4 upvotes - source
Ban rev pumpers

e10n - 4 upvotes - source
REV ๐Ÿคก

jimmyswilly - 4 upvotes - source
REV is the new move ๐Ÿš€

sjtomcat - 4 upvotes - source
REV wyd bud???