Shares of Revlon continued to surge in premarket hours Wednesday, continuing volatility spurred by a report that an Indian company is considering buying the American cosmetics retailer out of bankruptcy.
The stock has seen double-digit swings in every trading session since June 10, when the impending bankruptcy was first reported, and has risen by more than 200% in the past five days alone, Seeking Alpha reported.
After rumors spread of an impending filing in early June, shares of the American…
