KODK - Is This Troubled Stock Heading for a Turnaround in 2021?
Eastman Kodak (NYSE: KODK) stock has taken shareholders on an absolutely wild ride this year. In the past 12 months, shares traded as high as $60 and as low as $1.50 before settling on $9.69 as of markets' close on Dec. 14. It is almost unheard of for a company that specializes in printing and digital cameras to see such price action.
This kind of volatility has created many millionaires while causing many others to lose almost all of their investment. Should investors ignore the noise and hold onto the stock in hopes that the company could turn around its performance?
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Is This Troubled Stock Heading for a Turnaround in 2021?