KODK Stock: 11 Things to Know About Kodak Today as Shares Continue to Climb

Eastman Kodak (NYSE:KODK) is seeing a jump in its stock on Wednesday despite a lack of news concerning the company.

Kodak (KODK) logo on sign at company headquarters

Source: Katherine Welles / Shutterstock.com

Here’s what potential investors in KODK stock need to know as shares continue to climb this morning.

  • The jump in price for KODK stock is the result of it being targeted by the Reddit WallStreetBets community.
  • This is a collection of investors on social media that are targeting stocks together to increase the price.
  • These investors often go after stocks that are the targets of short-sellers.
  • As of this writing, some 9 million shares of KODK stock have changed hands.
  • That’s quite the jump considering its daily average trading volume is roughly 8 million shares.
  • This has seen the targeting several companies that have seen a massive growth of late.
  • That includes GameStop (NYSE:GME), which has been rising higher these last few days.
  • Another of r/WallStreetBets’ recent targets was AMC Entertainment (NYSE:AMC).
  • It started seeing major movement last night and is rocketing higher in early hours trading this morning.
  • What this shows is that WSB is far from done with plans to boost up stocks.
  • It’s likely that investors will continue to see positive movement in surprising stocks in the near future as these activities continue.

KODK stock was up 16.2% as of Wednesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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