Why Revlon Stock Fell Thursday

Why Revlon Stock Fell Thursday

Revlon Inc REV shares fell by 5.34% to $3.90 Thursday. The company during Thursday's after-hours session announced the NYSE Regulatory Oversight Committee's Committee for Review rejected Revlon's appeal and affirmed the New York Stock Exchange Staff's decision to delist the Company's Class A common stock following the June 15, 2022 Chapter 11 filing by Revlon.

What Else?

Revlon says the company expects the NYSE Staff to make an application to the Securities and Exchange Commission ("SEC") to delist the Company's Class A common stock in the near future.

See Also: What's Happening With Whirlpool Shares Nosediving During Thursday's After-Hours Session

Revlon added that, in the meantime, the NYSE had suspended trading in Revlon's Class A common stock. Revlon says the Company's Class A common stock is expected to trade on the OTC marketplace/pink sheets following the delisting.

According to data from Benzinga Pro, Revlon has a 52-week high of $17.65 and a 52-week low of $1.05.

Posted In: why it's movingNewsPenny StocksAfter-Hours CenterMoversTrading Ideas