Cosmetics maker Revlon, Inc. (REV) said Tuesday that it has completed the 1-for-10 reverse stock split of its Class A and Class B common stock.
Revlon's Class A common stock began trading on the NYSE on a split-adjusted basis when the market opened Tuesday, September 16.
The reverse stock split reduced the company's issued and outstanding shares of common stock from about 481,887,883 shares of Class A common stock and 31,250,000 shares of Class B common stock to about 48,188,788 and 3,125,000 shares, respectively.
Revlon shares are currently trading at $11.94, up $10.69 or 855.20%.
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