Retail-investor buzz has been building around Revlon Inc REV. The latest news is that Indian conglomerate Reliance Industries is mulling a purchase of the ailing cosmetics maker, which recently filed for bankruptcy under Chapter 11, facing heavy debt.
Shares of the 90-year-old company shot up over 34% on Wednesday.
The Investment
If the surging Revlon stock price prompted an investor to invest in the struggling company, they should note that the shares touched an all-time high of $ 560.60 way back on April 21, 1998.
If an investor entered Revlon stock by investing $ 100 on Wednesday when the stock closed at $ 8.40, here’s how much they would have if it went back to its record peak again.
| Investment | Date Of Purchase / Listing | Purchase Amount | Purchase Price | Units / Shares Obtained | Worth If Shares Return To ATH | Percentage Change |
|---|---|---|---|---|---|---|
| Revlon Stock | June 22, 2022 | $ 100 | $ 8.40 | 11.90 | $ 6,673.81 | 6573.81% |
The investor would turn a profit of 6,573.81% and the $ 100 would have transformed into $ 6,673.81.
A Retail Darling In Making
The makeup company was seen trending across social media platforms on Wednesday. It has also emerged as a short squeeze candidate. On Wednesday, data from Fintel, revealed that 37.3% of Revlon stock were shorted.
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