Kodak stock outright imploded on Monday. The drop comes as a massive government loan faces increased scrutiny. KODK shares are still elevated, but the sell-off might not be over. Volatility has seen its Kodak moment in recent weeks. Eastman Kodak stock (NYSE: KODK), which surged from $2 per share to over $60 in late July,…
Kodak stock has soared over 1,000% over the last two days after announcing a pivot towards manufacturing drugs. The company received a $765 million loan from the government to help bring back drug sourcing to the United States. This situation looks like a pump and dump, and investors should be cautious. Near-bankrupt film stock Eastman…
Kodak received a $765 million loan to launch a pharmaceutical division. It could grow to 35-40% of the company in short order. It makes the prospect of another bankruptcy unlikely. Shares of Eastman Kodak Company (NYSE:KODK) shot up over 200% Tuesday and are up triple-digits again today. Why? Because the company, best known for being…
