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Abby Joseph Cohen Says Era of Everything Going Up Is Over

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Reuters

Latest meme stock Revlon surges more than 50% in heavy trading

Nail polish maker Revlon Inc continued its surge as the latest so-called meme stock riding a wave of retail investor interest as the stock gained more than 50% in heavy trading on Wednesday. Shares of the $330 million market-cap company, which filed for bankruptcy last Wednesday, are up more than 400% since its lows on June 14 as retail investors appear to pile in to the company. Overall, shares of Revlon were the second-most traded by brokerage customers of Fidelity on Wednesday, following only the shares of Tesla Inc, according to the firm.

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