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Kodak Shares Plunge More than 40%: $765 Million Government Loan Set To Pause While SEC Investigating
Summary: Eastman Kodak stock price has fallen to $10.85 (before publication) on Monday after a federal agency said they have stopped proceeding the issuance of the $765 million government loan. The pause was put on concerns about Kodak’s suspicion of insider trading, as well as how the company disclosed the deal with government. U.S. Securities and ...
Eastman Kodak stock price has fallen to $10.85 (before publication) on Monday after a federal agency said they have stopped proceeding the issuance of the $765 million government loan.
The pause was put on concerns about Kodak’s suspicion of insider trading, as well as how the company disclosed the deal with government. U.S. Securities and Exchange Commission is currently leading the investigation into Kodak.
Before Kodak stock surging to $53.37 per share on July 29, its trading activity rose the day before the official announcement.
By Lily Yang
Tags: Kodak
Link: Kodak Shares Plunge More than 40%: $765 Million Government Loan Set To Pause While SEC Investigating [Copy]
