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Revlon stock plummets after filing for bankruptcy

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Yahoo Finance Live’s Brian Cheung discusses the decline in Revlon shares after the company filed for bankruptcy.

Video Transcript

BRIAN CHEUNG: Let's check out a stock on the move as we get closer to 11:30 here on the East Coast. Shares of Revlon dropping like a rock this morning. Keep in mind, the company filed for Chapter 11 bankruptcy last week. But the memers appear to be back at it again. We were checking the Reddit boards earlier. It seems like you see some on Wall Street Bets wanting to pump this stock. What do we think of Revlon, folks? Some people think it's going to go up to 10 bucks. Well, it did. Just yesterday, it got close to about $9.50. But as you can see, right now, Revlon shares down 16%. Again, this is a company that's going bankrupt.