Multiple volatility halts on Kodak as it soars 450% following presidential mention (NYSE:KODK

published 29.07.2020 10:00

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The president last night announced an agreement with Kodak (NYSE:KODK) for that company to produce generic drugs here in the U.S. Shares more than tripled in the regular session on Tuesday after the WSJ reported on the deal - a $765M loan to help speed domestic production of drugs.

Shares are premarket to $12.86.

Update at 10:30 AM ET: Shares are to $43.50 per share, already having blown through a number of volatility halts.

Appearing on CNBC this morning, CEO James Continenza says Kodak can be competitive in pharmaceuticals, noting it's already got a factory with its own power, steam, waste recovery, and rail system.

by Stephen Alpher from seekingalpha.com

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