KODK - Kodak shares gain as election stirs up optimism for federal loan probe

In August, the U.S. government paused a $765M loan awarded to Kodak (KODK) for switching its facilities over to making pharmaceutical ingredients that could help treat the coronavirus.The award was paused while the SEC investigated potential insider trading.The federal government deal is still up in the air, but the presidential election seems to have investors optimistic that the probe will end soon.KODK shares are up 6.9% pre-market to $7.63.Previously: Kodak loan deal on hold after allegations (Aug. 08 2020)

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Kodak shares gain as election stirs up optimism for federal loan probe