Kodak shares nearly triple on news of government assistance for drug production
Shares of Eastman Kodak Co.
nearly tripled in very active premarket trading Tuesday toward a 2 1/2-year high, after a report that the print and advanced materials and chemicals company secured a $765 million government loan to help with the production of drugs to treat a variety of medical conditions. Trading volume ballooned to 10.3 million shares, compared with the full-day average of about 272,000 shares, and enough to make the stock the most actively traded in the premarket.
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