8/4/2020, 7:59 PM (Source: TeleTrader)
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Kodak's stocks plunge 8% after news of SEC probe

The stocks of Eastman Kodak Co. dropped more than 8% on Tuesday after the report published by The Wall Street Journal revealed that the United States Securities and Exchange Commission (SEC) is presumably launching an investigation into the circumstances under which the company got a $765-million loan from the US government.

Among the main areas of SEC's probe will be the way in which the company revealed the news to the public, and whether it manipulated the timing to maximize its stocks' gains.

Kodak's shares plummeted 8.11% at 1:42 pm ET, trading at $13.73.

Breaking the News / BU