Kodak Stocks Skyrocket
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As reported by BusinessInsider, Kodak's stock spiked as much as 34% today as traders continued to celebrate it securing a $765 million government loan to make drug ingredients in response to the ongoing coronavirus pandemic. The camera company's share price skyrocketed from $2.62 at the close of trading on Monday to $33.20 at Wednesday's close, an increase of roughly 1,200%. Today, it is being traded at as high as $44.44. The stock rose to as high as $60 on Wednesday, boosting Kodak's market capitalization to $2.6 billion from below $150 million.