KODK

11 Aug: Stock market news for August 10, 2020

Stock market news

The latest stock market news for August 10, 2020.

A higher close for the US stock market, only Nasdaq declined moderately.

US stock market at the close on August 10, 2020

S&P 500: 3,360.47,+9.19(+0.27%)
Dow 30: 27,791.44,+357.96(+1.30%)
Nasdaq: 10,968.36,-42.63(-0.39%)
Russell 2000: 1,584.13,+14.94(+0.95%)

Stock market volatility

The CBOE Volatility Index (VIX) closed lower at 22.13-0.08(-0.36%).

Stock movers

Seres Therapeutics, Inc. (MCRB) stock gained more than 300% with a stock price at the close of 22.70+18.06 (+389.22%).

Stock gainers

Seres Therapeutics Inc. (MCRB): 22.70 +18.06 +389.22%
Omeros Corp. (OMER): 21.32,+ 7.19 +50.88%
BiomX Inc. (PHGE):8.00,+ 2.37 +42.10%

Stock losers

SCWorx Corp. (WORX): 3.10, -2.65 -46.13%
Reata Pharmaceuticals Inc. Cl A (RETA): 104.41, -51.79 -33.16%
Eastman Kodak Co. (KODK): 10.73, -4.15 -27.89%

Most active stocks

Sorrento Therapeutics Inc. (SRNE): 18.82,+ 4.40 +30.51%
American Airlines Group Inc. (AAL): 14.00,+ 0.97 +7.44%
Trevena Inc. (TRVN): 3.13,+ 0.75 +31.51%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Energy sector was the best performing sector +3.08%, the Communication Services was the worst-performing sector -0.46%.

Stock Market, U.S. Sectors & Industries Performance for August 10, 2020
Stock Market, U.S. Sectors & Industries Performance for August 10, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock tradingSubscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing. Daily stock market news.

04 Aug: Stock market news for August 3, 2020

The latest stock market news for August 3, 2020.

Nasdaq hit a record high. Small-cap stocks outperformed. Dow gained more than 230 points. Shares of Microsoft and Apple made new highs.

US stock market at the close on August 3, 2020

S&P 500: 3,294.61,+23.49(+0.72%)
Dow 30: 26,664.40,+236.08(+0.89%)
Nasdaq: 10,902.80,+157.52(+1.47%)
Russell 2000: 1,504.69,+24.27(+1.64%)

Stock market volatility

The CBOE Volatility Index (VIX) closed marginally lower at 24.28-0.18 (-0.74%).

Stock movers

ADT Inc. (ADT) stock was a stock mover closing at 13.48+4.87 (+56.56%).

ADT Inc. (ADT) stock chart
ADT Inc. (ADT) stock chart

Stock market data: Stockscharts

Stock gainers

Marathon Patent Group Inc. (MARA): 3.83,+ 1.80 +88.67%
Grindrod Shipping Holdings Ltd. (GRIN): 5.40,+ 2.20+68.75%
EuroDry Ltd. (EDRY): 5.83, +2.17 +59.51%

Stock losers

Eastman Kodak Co. (KODK): 14.94, -6.91 -31.62%
Tiziana Life Sciences PLC ADR (TLSA): 5.48, -1.51 -21.60%
360 Finance Inc. ADR (QFIN): 11.20, -2.66 -19.19%

Most active stocks

Marathon Patent Group Inc. (MARA): 3.83, +1.80 +88.67%
ADT Inc. (ADT): 13.48,+ 4.87 +56.56%
NIO Inc. ADR (NIO): 13.60,+ 1.66 +13.90%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Information Technlogy was the best performing sector + 2.49%, the Real Estate Sector was the worst performing sector -1.47%.

Stock Market, U.S. Sectors & Industries Performance for August 3, 2020
Stock Market, U.S. Sectors & Industries Performance for August 3, 2020

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock tradingSubscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing. Daily stock market news.


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 for its massive share-price gains — whatever day traders and Robinhood investors may say.

Kodak is attempting to enter a low-margin commodity market with no particular advantage outside of the current administration’s industrial policy. Unless the government money spigot keeps flowing, it’s hard to imagine the company ever living up to its lofty valuation.”

Stock market data: https://finance.yahoo.com/news/kodak-craziness-captured-one-word-175927823.html

Eastman Kodak Company (KODK) stock chart

Eastman Kodak Company (KODK) stock chart
Eastman Kodak Company (KODK) stock chart

Stock market source: Stockscharts

Is it Kodak craziness, irrational exuberance, stock chasing, FOMO? Stocks go up but attention as they can go down as quickly as their meteoric rise. Investing in stocks is too risky when driven by speculation.

29 Jul: Stock market news for July 28, 2020

Stock market news

The latest stock market news for July 28, 2020.

A lower close for the US stock market on July 28, 2020. Dow fell more than 200 points. The closing numbers for the US stock market were the following:

S&P 500: 3,218.44,-20.97(-0.65%)
Dow 30: 26,379.28,-205.49(-0.77%)
Nasdaq: 10,402.09,-134.18(-1.27%)
Russell 2000: 1,469.74,-14.91(-1.00%)

Stock market volatility

The CBOE Volatility Index (VIX) closed higher at 25.44+0.70 (+2.83%).

Stock movers

Eastman Kodak Company (KODK) gained more than 200%, closing at 7.94+5.32 (+203.05%).

“Kodak Triples on Loan to Make Covid-19 Drug Ingredients.

(Bloomberg) — Eastman Kodak Co. shares more than tripled Tuesday on a $765 million government loan to help produce ingredients used in key generic medicines to fight the coronavirus.

The development bank loan is the first of its kind under the Defense Production Act in collaboration with the U.S. Department of Defense. It’s intended to speed production of drugs in short supply and those considered critical to treat Covid-19, including hydroxychloroquine, the controversial antimalarial drug touted by President Donald Trump.

The money could provide a lifeline to Kodak, the storied photography giant whose business and shares were devastated by the switch to filmless cameras. Once a stalwart of American industry with a market capitalization above $30 billion, the company declared bankruptcy in 2012, forcing it into a series of attempted reinventions including forays into printers, film for movies and, briefly, cryptocurrencies.”

Stock market source: https://finance.yahoo.com/news/kodak-triples-loan-covid-19-164153222.html

Eastman Kodak Company (KODK) chart

Eastman Kodak Company (KODK) chart
Eastman Kodak Company (KODK) chart

Source: Stockscharts.com

Stock gainers

Eastman Kodak Co. (KODK): 7.94, 5.32 +203.05%
Vocera Communications Inc. (VCRA): 31.40, +7.97 +34.02%
Sequential Brands Group Inc. (SQBG): 6.79, +1.59 +30.58%

Stock losers

MediciNova Inc. (MNOV): 7.40, -3.60 -32.73%
Nemaura Medical Inc. (NMRD): 6.68 -2.58 -27.92%
Wilhelmina International Inc. (WHLM): 5.70, -2.10 -26.92%

Most active stocks

Eastman Kodak Co. (KODK): 7.94,+ 5.32 +203.05%
Advanced Micro Devices Inc. (AMD): 67.61, -1.36 -1.97%
NIO Inc. ADR (NIO): 12.27, +0.58 +4.96%

Stock market source: https://www.wsj.com/market-data/stocks

Stock Market, U.S. Sectors & Industries Performance

The Real Estate Sector was the best performing sector +2.05%, the Materials sector was the worst performing sector -2.18%.

Stock Market, U.S. Sectors & Industries Performance for July 28, 2020
Stock Market, U.S. Sectors & Industries Performance

Source: Fidelity

Stock market update

All data about the stock market, stocksstock investingstock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.

Investing

Check this link for stock tradingSubscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing. Daily stock market news.