Why Revlon Stock Soared 48% Today

By Motley Fool

Investors in cosmetics-maker Revlon (NYSE: REV) had a very good day Tuesday. As trading wore down for the day, Revlon stock closed up 47.6% on news that Revlon may be about to cut its debt load substantially. Against a market capitalization of just $318 million before today's run-up, Revlon has stacked up $3.4 billion worth of debt (net of cash, according to data from S&P Global Market Intelligence).

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