Why Kodak Stock Is Getting Crushed Today
Shares of Eastman Kodak (NYSE: KODK) tumbled by as much as 41% right out of the gate Monday morning on sky-high volume. The company's shares are plummeting this morning in response to the news that the U.S. International Development Finance Corporation (DFC) will reportedly pause a $765 million loan agreement due to allegations of insider trading. On July 28, Kodak announced that the DFC signed a letter of intent in regard to this loan in an effort to boost generic-drug manufacturing capacity within the United States.
