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Why Revlon Stock Didn't Look Pretty on Monday

TheMotleyFool

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Why Revlon Stock Didn't Look Pretty on MondayPhoto, wide shot, wide-angle lens, Convenience store, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/35bdb659-cf5a-466a-95a9-428a230a2d2e.png

Monday wasn't a beautiful trading day for Revlon (NYSE: REV) stock. The storied cosmetics and personal-care products maker suffered a modest decline in share price against the nearly 0.6% gain of the S&P 500 index after it announced its latest capital-raising move.

That morning, Revlon disclosed that it's floating an at-the-market secondary issue of its class A common stock of up to $25 million. Sales of these new shares will be conducted from time to time. The company didn't get more specific.

Image source: Getty Images.

Source Fool.com

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