The Value of Kodak Climbed 15 Times in a Week
Stocks escalated with the news that the Trump government offered Kodak to produce materials for drugs in the process of dealing with coronavirus, a leading name in the photographic industry.
Kodak shares rose almost 1500 percent this week, with the statement that Kodak will supply generic medicines and provide government support worth $ 765 million.
While the shares that were worth $ 2 last week climbed above $ 33, the company’s valuation increased from $ 92 million to $ 1.5 billion. The rally, which continued throughout the week, was applied several times on Wall Street.
More than ten circuit breakers were provided in the first two hours of the session on Wednesday, while Kodak earned three times the transaction providers in one day, but a 10 percent correction was made on Thursday.