Kodak is surging again after skyrocketing 1,200% in 2 days - Business Insider

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Kodak is surging again after skyrocketing 1,200% in 2 days - Business Insider
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Kodak is surging again after skyrocketing 1,200% in 2 days

Kodak's stock spiked as much as 35% to almost $45 in pre-market trading on Thursday as tradersit securing a $765 million loan to make drug ingredients in response to the coronavirus pandemic.

The camera company's share price skyrocketed from $2.62 at the close of trading on Monday to $33.20 as of Wednesday's close, an increase of roughly 1,200%. The stock rose as high as $60 at one point on Wednesday, boosting Kodak's market capitalization from below $150 million to north of $2.6 billion.

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