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Kodak Rockets 52% After Hedge Fund Scoops Up Nearly 4 Million Shares | Markets Insider

by markets.businessinsider.com posted 4weeks ago 36 views
The purchase represents a 5.2% stake in Kodak and boosts shares to their highest level since mid-August. : Eastman Kodak spiked as much as 52% in early Tuesday trading after hedge fund D. E. Shaw & Co. revealed a new stake in the volatile stock. The New York-based fund bought more than 3.9 million shares of the camera company, according to a Securities and Exchange Commission filing published Monday. The position represents a 5.2% stake in Kodak and is set to lift shares to their highest since mid-August.

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