Why Revlon Stock fell on Thursday

Revlon Inc REV shares fell 5.34% to $3.90 on Thursday. The company, in Thursday's after-hours session, announced that the NYSE's Regulatory Oversight Committee Review Panel had denied Revlon's appeal and affirmed New York Stock Exchange staff's decision to delist the company's Class A common stock following Revlon's June 15, 2022 Chapter 11 filing. /p>

What else?

Revlon says the company expects NYSE staff to file a request with the Securities and Exchange Commission ("SEC") to delist the class common stock A company in the near future.

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Revlon added that, in the meantime, the NYSE has suspended trading in Revlon's Class A common stock. Revlon says the company's Class A common stock is expected to trade on the OTC/pink-sheet market after the delisting.

According to data from Benzinga Pro, Revlon has a 52-week high of $17.65 and a 52-week low of $1.05.

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