Eastman Kodak Company (NYSE:KODK) stock continues to soar today, up another 50% to $12. After a massive 200% rally yesterday, shares are red hot in pre market and KODK is probably the top stock to trade right now.
Yesterday, Eastman Kodak (KODK) received a large $765 million loan from the U.S Government to fix the medical supply chain. KODK stock was trading in the $4's and quickly rallied into the $6's. Right after the open, shares soared to $11.80 before selling off into the close. Today in pre market, we are seeing a gap up as noted above.
Traders will be eyeing yesterday's high of $11.80 which will act as both support and resistance depending on the opening price. After $11.80, there is a huge resistance level at $13.27 from 2018.
Try not to fall in love with Kodak (KODK) because its only a matter of time before shares fall back to earth. These loans never really amount to anything of long term value.
Showing posts with label eastman kodak. Show all posts
Showing posts with label eastman kodak. Show all posts
Wednesday, July 29, 2020
Tuesday, July 28, 2020
Kodak (KODK) Stock Triples
Shares of Eastman Kodak Company (NYSE:KODK) are rising around 200% to $7.85 on a report of a large U.S loan. According to the WSJ, Kodak will be receiving a $765 Million loan to fix the medical supply chain to help expedite domestic drug production.
Eastman Kodak (KODK) stock is surging back above the 2020 high of $6.40. Traders will be watching resistance at $8.25 and if the stock really rips, the 2018 high of $13.27.
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