Revlon stock continues to surge as suitor considers buying cosmetics giant


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…

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