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.
Source Fool.com
