KODK - Why Eastman Kodak Stock Just Dropped Another 11%
This does not look like the week to own shares of Eastman Kodak (NYSE: KODK) .
Last week, the former photography giant that has now turned to producing pharmaceutical ingredients could do no wrong. Kodak stock nearly doubled on positive news that a team of lawyers (working for the company) who investigated possible wrongdoing surrounding a $765 million government loan had cleared Kodak of liability .
This week, however, with government investigations of the same situation still ongoing, Kodak shares are heading the other way, and were down 11.1% at 2:40 p.m. EDT today.
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Why Eastman Kodak Stock Just Dropped Another 11%