We need to talk about Eastman Kodak’s insane 2,000% pharma pump

We need to talk about Eastman Kodak’s insane 2,000% pharma pump


Trade in Eastman Kodak stock was halted multiple times on Tuesday to protect investors from volatility, as the embattled camera-cum-pharma firm surged more than 80% during the first hours of trade. However, Kodak‘s latest pump was remarkably short-lived; after shooting to $13.06 in less than an hour, Kodak stock fell quickly to close 8% up by the end of the day. This represented roughly $210 million gained and lost from Kodak‘s market value within a single trading session, after fighting to maintain a market cap above $90 million just one month ago. While absurd, those movements are tiny compared to the…

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