revlon products are seen for sale in a store in manhattan new york city us june 29 2022 reutersandrew kellyfile photo new york aug 15 reuters  shares of bankrupt cosmetics company revlon inc revn soared nearly 27 on monday after asset manager morgan stanley msn revealed in a filing that it purchased 400650 shares in the company over the last quarter the purchase increased morgan stanleys stake by approximately 1793 according to its filing known as a 13f shares of revlon are up 582 from their midjune low boosted by hopes the company can replicate the success of shareholders in carrental company hertz htzo who were handsomely rewarded when hertz was rescued from bankruptcy by a group of investors read more revlons rebound has come alongside rallies in other socalled meme stocks popular with retail investors such as amc entertainment holdings inc amcn and gamestop corp gmen which were hit hard in the first half of the year revlon filed for chapter 11 bankruptcy in june after saying that its high debt load left it too cashpoor to make timely payments to vendors the company received approval for a 14 billion bankruptcy loan on aug 1 despite objections from its official creditors committee which called the company a mess in a court filing read more despite the recent rally revlons shares are down 30 for the yeartodate