Bankrupt Meme Stock Revlon Surges as Retail…

Attention traders, there’s a new meme stock in town! Revlon, the struggling makeup and cosmetics company that filed for bankruptcy last week, is the latest hyped stock on Reddit. Over 183 million shares were traded within the past three days. That’s more than 31 times the average volume over the past three months. Revlon was among the top 10 traded assets on Fidelity Tuesday. As of Wednesday June 22, the stock is now up more than 400% in just the past three sessions after falling 13% on June 15th, the day the company announced its Chapter 11 reorganization plan.

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