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Kodak Stock Was Up By 59.96% On Monday

ViaNews Editorial Team

December 8, 2020

Kodak Stock Was Up By 59.96% On Monday
The New York Stock Exchange ended the session with Kodak jumping 59.96% to $12.05 on Monday while the New York Stock Exchange slid 0.43% to $14,355.00. Kodak today's close was $12.05, 397.93% under its 52-week high of $60.00.

Kodak's Revenue

Year-on-year quarterly revenue growth declined by 20%, now sitting on 1.06B for the twelve trailing months.

Kodak's Stock Top and Bottom Yearly Value

Kodak's stock is valued at $12.05 at 21:01 EST, way under its 52-week high of $60.00 and way higher than its 52-week low of $1.50.

Kodak's Moving Average

Kodak's worth is way higher than its 50-day moving average of $7.40 and way above its 200-day moving average of $6.75.

Previous days news about Kodak

Watchdog finds no wrongdoing in Kodak deal. According to The Wall Street Journal on Sun Dec 6, "A government watchdog agency found no wrongdoing in the process that created a now-halted U.S. loan to Eastman Kodak Co. to produce drug ingredients for the Covid-19 response, according to a copy of the assessment reviewed by The Wall Street Journal." Kodak shares surge 60% premarket on report of loan probe outcome. According to Bloomberg Quint on Mon Dec 7, "Eastman Kodak Co. surged about 60% in premarket trading after a press report that a probe found no wrongdoing regarding a government loan to the photography giant turned pharmaceutical manufacturer.The inspector general of the agency that brokered the deal, the U.S." Kodak stock surges 98% after federal watchdog finds no problems with halted $765 million government loan. According to Business Insider on Mon Dec 7, "Kodak shares soared as much as 98% in pre-market trading on Monday after a government watchdog found no problems with the process that created a $765 million federal loan to finance the camera company's pivot toward making COVID-19 drug ingredients earlier this year."
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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