279 days ago • Posted by Charles-Henry Monchau

Speculators squeezed as Kodak dropped by 27%

Shares of Eastman Kodak plunged 27.9% on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. The review of funding comes as the SEC is reportedly investigating how the company disclosed the deal with the government. The deal kicked off a frenzy of trading activity, which saw the stock jump 600% in the span of just two days - source: CNBC

#Stocks
Kodak -28%
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