Kodak stock

29 Jul: Eastman Kodak stock surged today more than 300%

Eastman Kodak Company (KODK) stock Shares of Eastman Kodak Company (KODK) closed today with gains of more than 300% at 33.20+25.26 (+318.14%). Why these gains for Eastman Kodak Company (KODK) stock? Eastman Kodak Company (KODK) stock news “(Bloomberg Opinion) — Kodak, the once-iconic photo company that’s been languishing for years, surprised the world this week by announcing a pivot into the pharmaceuticals business with a $765 million head start from the U.S. government. Somehow, that was enough to send the stock soaring more than 1,000% and add more than $1 billion to the company’s market value. Really? Let’s discuss.  The Defense Production Act loan, announced Tuesday, is part of a Trump administration effort to bring the manufacture of drug ingredients back to U.S. shores to reduce dependence on other countries and ensure consistent supply. It’s a reasonable if challenging policy goal. The loan and new business line for Eastman Kodak Co. isn’t, however, anything close to a justification…