Kodak share price crashes in premarket trade more than 40% after US government loan for $765 million gets put on ice
Reuters / Steve Marcus
Shares of Eastman Kodak faced a bitter sell-off Monday, tanking more than 40% in pre-market trade on reports that its $765 million loan to produce pharmaceutical ingredients has been put on hold.
Kodak’s share price was down 40% at $8.89 as of 7:42 a.m ET.
This follows news that the Securities Exchange Commission is investing the trading of Eastman Kodak stock after the price surged more than a week ago on news of the government loan.
The US International Developmen…
