The stock’s bizarre post-bankruptcy rise has padded the fortune of its biggest shareholder.
The majority owner of Revlon, billionaire Ron Perelman, has seen the value of his stake rise nearly $200 million in the days since the company filed for bankruptcy.protection last week, something bizarre happened: Its stock surged over 200%, swiftly adding nearly $200 million to his fortune.
, a phenomenon in which investors on Reddit identify a stock that has been heavily targeted by short-sellers and then take pleasure in piling into it and cause short-sellers to lose money. Some 37% of Revlon’s available shares are owned by short-sellers.The stock, which closed at $1.95 the day after the company filed for bankruptcy last week, quickly soared as high as $9.89 on Wednesday. By Thursday, it had given up some of its gains, but still closed at $7.20.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Democrats' chances of beating Ron Johnson in Wisconsin, according to pollsThe Republican senator previously pledged not to seek a third term but announced he'd changed his mind in January.
Leer más »
Why Ron DeSantis Can Beat Trump in 2024If you still think Ron DeSantis is only floating a presidential campaign in the hopes Donald Trump will back out, think again. DeSantis is building a campaign to take on Trump. And he can win. jonathanchait writes
Leer más »
Dexter Filkins on the Rise of Ron DeSantisMany see Ron DeSantis as a possible opponent to Donald Trump in a 2024 Republican primary. On a new episode of our Politics and More podcast, Dexter Filkins considers his rise. Listen here.
Leer más »
NBA Draft 2022: Rutgers star Ron Harper Jr. signs 2-way deal after going undraftedFormer Rutgers star Ron Harper Jr. did not get selected in the 2022 NBA Draft, but he did sign a deal.
Leer más »
Ron Johnson confronted at airport by liberal activist about alternate electorsSen. Ron Johnson (R-WI) was confronted by a liberal activist at Milwaukee's General Mitchell International Airport on Friday as he returned to his home state from Washington, D.C.
Leer más »
Who You Gonna Call? Sen. Ron Johnson Better Phone A Lawyer.Stephen Colbert's 'dumbest person' in the Senate now has his own 'Ghostbusters' theme song.
Leer más »