Kodak Stock Surges After Government Announces 765 Million
Suspicions of insider trading arose after kodak's stock soared one day before the company announced it was receiving a $765 million loan from the government. Kodak stock soared as much as 1,900% in two days after the camera company secured a $765 million government loan to produce generic drug ingredients in response to the coronavirus pandemic. kodak. Kodak's stock nearly triples after report of $765 million government loan to help produce generic drugs published: july 28, 2020 at 7:59 a.m. et. Shares of eastman kodak co fell about 40% on monday and were on track for their worst single day decline after the u.s. government blocked a $765 million loan to the company, which was going to. The surge in kodak's stock price pushed the company’s market valuation to more than $347 million. (photo: reuters/anton vaganov) u.s. tech company eastman kodak, best known for its role in the development of photography, has been awarded a $765 million government loan under the country's defense production act.
Kodak Stock Triples On 765 Million Government Loan For
Kodak shares plunged in pre market trading monday after u.s. officials froze a $765 million loan to the group amid allegations of wrongdoing and a reported investigation by the securities and. Eastman kodak co. shares plunged monday after a federal agency announced it was suspending a $765 million loan to help the former film company produce covid 19 drugs, pending the outcome of. On july 28, the company announced it was getting a $765 million loan from the dfc to aid it in producing drug ingredients. the news led to its stock to explode by as much as 2,190% the next day. Kodak has struggled in the age of digital photography. its stock soared after the trump administration announced plans to give the company a $765 million loan to create a pharmaceutical line. Shares of eastman kodak co. kodk, 34.64% plummeted 45% in active premarket trading monday, after reports the u.s. international development finance corp. is withholding its planned $765 million.