Kodak sudden stock fall amid US govt loan rumours – Wall Street Journal

Rumours of a potential $765m government loan caused Kodak's share prices to skyrocket and fall in matter of six trading days.
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Kodak is at the centre of an investigation by the Securities and Exchange Commission (SEC) regarding a government loan of $765m to produce drugs at its US factories. Word of the loan got out on 27 July, causing Kodak's stock price to rise 25% in a day. Allegedly, Kodak had shared information with media about a possible agreement with the Trump administration before the public announcement. The news was published and subsequently deleted following a request from the company. "The concept of the deal was good, but I'll let you know. I wasn't involved in it. It's a big deal. It's a way of bringing back a great area, too, in addition to pharmaceuticals. Kodak has been a great name but obviously pretty much in a different business. So we'll see what that's all about," Trump said during a briefing. – Claire Badenhorst

Fortunes Won and Lost Trading in Kodak Stock: Inside a Wild Week

By Geoffrey Rogow and Michael Wursthorn

In the span of six trading days, Eastman Kodak's volatile stock made millions for some and destroyed the savings of others.

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