8/18/2020, 7:49 PM (Source: TeleTrader)
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Kodak trading halted after stocks surge almost 100%

Eastman Kodak Co. trading was stopped three times on Tuesday after an unexpected rise of almost 100%.

At 12:31 pm ET the shares surged by 98% as the price of a single stock hit $13.69. The company's closing price on the previous day was $7.64 per share. Kodak traded for $9.35 per share at 1:33 pm ET.

Earlier in August, the US Securities and Exchange Commission (SEC) started an investigation of the loan the United States government provided to the Kodak for the production of active ingredients for generic drugs.

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