Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Revlon Stock Didn't Look Pretty on Monday

TheMotleyFool

0 0

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

Like: 0

REV

Share