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September 01, 2020 1:29pm
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Shares of bankrupt Revlon soar 17% as investors cheer news that Morgan Stanley purchased the stock in latest quarter

Shares of bankrupt cosmetics company Revlon Inc. soared 17% Tuesday, swept up in another wave of 'meme-stock' buying by retail investors who were excited to learn that Morgan Stanley had increased its stake in the company in the last quarter.
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