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Revlon investors on a wild ride amid bankruptcy shock

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The makeup company’s shares traded wildly, at one stage dropping 34 per cent.

Over the weekend, Revlon argued that there is no need for an official equity holders committee in its Chapter 11 reorganisation.

Revlon told shareholders it’s unlikely they’ll receive much from the bankruptcy.

Volatility on Revlon is especially high in general.

Last week, Revlon shares moved higher after Morgan Stanley disclosed that it increased its stake in the cosmetics company. 

It’s not all bad news – the stock is still worth more than triple where the shares stood in June after the company’s bankruptcy report was first announced.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Money

Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Money

Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

Continue Reading

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