Eastman Kodak Continues Higher; Jumps 7%

Shares of Eastman Kodak

are continuing their impressive rally today; currently, shares are higher by 7.06%, trading at $2.88. The stock was off to the races on high volume yesterday, gapping higher from $2.14 to close at $2.69. The move was due to a Bloomberg report that stated Eastman Kodak may hold patents worth five times more than the business itself, citing data it has compiled. Technical pressure starts at $3.18, beyond that shares could fill the early July gap all the way up to $3.58. Note that EK has 30.24% short interest. Eastman Kodak Company is engaged in the sale of imaging products, technology, solutions and services to consumers, businesses and professionals. Kodak operates in three segments: Consumer Digital Imaging Group, Graphic Communications Group and Film, Photofinishing and Entertainment Group.