Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Eastman Kodak (NYSE:KODK) shares soared more than 60% higher Tuesday afternoon on seemingly no news.
The controversial stock had been halted four times at the time of publication, and ZeroHedge said it appears a massive short squeeze has begun.
Kodak short interest pic.twitter.com/5RE5aFEsJb
— zerohedge (@zerohedge) August 18, 2020
Under Investigation: The company's $765 million U.S. loan deal was put on hold for a pending investigation into allegations of insider trading.
On Monday, White House trade advisor Peter Navarro criticized Eastman Kodak for the handling of a government loan to produce pharmaceutical ingredients in the U.S.
“Based on what I’m seeing, what happened at Kodak was probably the dumbest decisions made by executives in corporate history,” Navarro said on CNBC. “You can’t fix ‘stupid.' You can’t even anticipate that degree of stupidity.”
KODK Price Action: Eastman Kodak shares were trading up 17% at $8.96 at the time of publication. The stock has a 52-week high of $60 and a 52-week low of $1.50.
Related Links:
Kodak Had Some Very Suspicious Trading Activity Ahead Of Drug News
A Closer Look At The Kodak Chairman's Stock Purchases As Shares Rally 1,500%
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!