India markets open in 1 hour 22 minutes

Eastman Kodak Company (KODK)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
10.49-1.62 (-13.38%)
At close: 4:00PM EDT

10.23 -0.22 (-2.11%)
After hours: 7:59PM EDT

Full screen
Trade prices are not sourced from all markets
Previous close12.11
Open10.15
Bid10.20 x 1100
Ask10.26 x 900
Day's range9.26 - 10.99
52-week range1.50 - 60.00
Volume42,946,292
Avg. volume30,456,025
Market cap793.926M
Beta (5Y monthly)5.86
PE ratio (TTM)N/A
EPS (TTM)-4.68
Earnings date05-Nov-2020 - 09-Nov-2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1.00
  • GlobeNewswire

    HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Eastman Kodak (KODK) Investors with $500K+ Losses to Contact the Firm Now, DFC Reportedly Investigating and Securities Fraud Class Action Filed

    SAN FRANCISCO, Sept. 21, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges Eastman Kodak Company (NYSE: KODK) investors with losses in excess of $500,000 to submit your losses now. A securities fraud class action has been filed.Class Period: July 27, 2020 - Aug. 11, 2020 Lead Plaintiff Deadline: Oct. 13, 2020 Visit: www.hbsslaw.com/investor-fraud/KODK Contact An Attorney Now: KODK@hbsslaw.com                                              844-916-0895Eastman Kodak Company (KODK) Securities Class Action:The complaint alleges Defendants perpetrated a scheme to profit by misrepresenting and concealing material facts regarding a purported deal Kodak reached with the U.S. International Development Finance Corporation (DFC).Specifically, on July 27, 2020, Kodak issued a statement to Rochester, New York media outlets about the imminent public announcement of a “new manufacturing initiative” involving the DFC and the response to COVID-19. Following publication, the Company claimed this information was released inadvertently.That same day, Kodak granted several insiders options to purchase approximately 1.885 million shares of Kodak, including Executive Chairman and CEO Jim Continenza and CFO David E. Bullwinkle.On July 28, 2020, the price of Kodak’s shares jumped 200% following news that the Company had won a $765 million government loan from the DFC to produce pharmaceutical materials. Shares continued to surge by over 300% the next day. This massive stock price increase allowed Kodak insiders to profit.Thereafter, media outlets uncovered Defendants’ compensation scheme. As a result of these revelations, the SEC is reportedly investigating, the DFC paused the deal, and Kodak’s share price has declined sharply thereby damaging Class Period investors.Most recently, on Sept. 14, 2020, the financial press reported the DFC inspector general is investigating why Kodak was selected for the loan, whether officials involved in it had conflicts of interest, and the impact of Kodak’s lobbying effort.“We’re focused on investors’ losses and holding Kodak and its insiders accountable for their fraudulent compensation scheme,” said Reed Kathrein, the Hagens Berman partner leading the investigation.If you are a Kodak investor who lost over $500,000 on Class Period investments, click here to discuss your legal rights with Hagens Berman.Whistleblowers: Persons with non-public information regarding Kodak should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email KODK@hbsslaw.com.About Hagens Berman Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.Contact: Reed Kathrein, 844-916-0895

  • GlobeNewswire

    KODK INVESTOR DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Eastman Kodak Company

    NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of  Eastman Kodak Company (“Kodak” or the “Company”) (NYSE: KODK) between  July 27, 2020 and August 11, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the District of New Jersey alleges violations of the Securities Exchange Act of 1934. If you purchased Kodak securities, and/or would like to discuss your legal rights and options please visit Kodak Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and prospects. Specifically, Defendants failed to disclose that the Company had granted Defendant Continenza and several other Company insiders millions of dollars’ worth of stock options, immediately prior to the Company publicly disclosing that it had received a $765 million loan from the DFC to produce drugs to treat COVID-19, which Defendants knew would cause Kodak’s stock to immediately increase in value once the deal was announced.  In addition, while in possession of this material non-public information, Defendant Continenza and other Company insiders purchased tens of thousands of the Company’s shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.On August 1, 2020, a Reuters article reported new details of the “unusual” 1.75 million option grant to Continenza.  The article stated that according to “a person familiar with the arrangement,” the option award “occurred because of an understanding” between Continenza and Kodak’s Board of Directors “that had previously neither been listed in his employment contract nor made public.” Further, “[t]he decision to grant Continenza options was never formalized or made into a binding agreement, which is why it was not disclosed previously.”  Concurrently market observers questioned why Kodak, historically a technology company, had been selected for a DPA loan related to pharmaceutical supplies over companies with more experience in the pharmaceutical industry.In reaction to this news, Kodak’s stock price plummeted $6.91 per share to close at $14.94 per share on August 3, 2020 – a decline of over 34% per share.On August 5, 2020, several Congressional committees sent a joint letter to Defendant Continenza seeking documents about the loan, insider trading, and stock options for their review of “DFC’s decision to award this loan to Kodak despite your company’s lack of pharmaceutical experience and the windfall gained by you and other company executives as a result of this loan” which raised “questions that must be thoroughly examined.” The committees also sent a document request to the DFC’s Chief Executive Officer on the same day, inquiring about the Kodak loan, which the letter noted was “an organization that was on the brink of failure in 2012 and was unsuccessful in its previous foray into pharmaceutical manufacturing.”On August 7, 2020, after the market closed, the DFC announced, “on July 28, we signed a Letter of Interest with Eastman Kodak. Recent allegations of wrongdoing raise serious concerns.  We will not proceed any further unless these allegations are cleared.”On this news, the Company’s stock price declined $4.15, or 28%, from $14.88 per share on August 7, 2020, to $10.73 per share on August 10, 2020.  If you wish to serve as lead plaintiff, you must move the Court no later than October 13, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.If you purchased Kodak securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/eastmankodakcompany-kodk-shareholder-class-action-lawsuit-stock-fraud-290/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.Contact Information Matthew E. Guarnero Bernstein Liebhard LLP https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com

  • GlobeNewswire

    DEADLINE ALERT for WINS, GWRE, INTC, KODK: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

    BENSALEM, Pa., Sept. 17, 2020 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.  Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.Wins Finance Holdings Inc. (NASDAQ: WINS) Class Period: October 31, 2018 - July 6, 2020 Lead Plaintiff Deadline: September 23, 2020The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the ultimate repayment of its RMB 580 million Guohong Loan was highly uncertain; (2) that nonpayment of the Guohong Loan would have a significant impact on the Company’s financial and operating condition; (3) that weaknesses in Wins’s internal control over its financial reporting persisted despite the Company’s repeated assurances to investors that it was taking steps to remediate these weaknesses; (4) that the foregoing issues, among others, made the resignation of Wins’s independent auditor foreseeably likely; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times.Guidewire Software, Inc. (NYSE: GWRE) Class Period: March 6, 2019 - March 4, 2020 Lead Plaintiff Deadline: September 23, 2020The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company’s transition to the cloud was not going well; (2) that Guidewire’s cloud-based products needed to be improved to meet customer needs and catch-up with rival systems; (3) that the Company’s transition to the cloud was also hurting Guidewire’s traditional on-premise business; and (4) as a result, Guidewire’s revenue guidance, including guidance principally based on significantly increasing demand for the Company’s cloud-based products, was baseless and unattainable.Intel Corporation (NASDAQ: INTC) Class Period: April 23, 2020 - July 23, 2020 Lead Plaintiff Deadline: September 28, 2020Shareholders with $50,000 in losses or more are encouraged to contact the firmThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Intel had identified a defect mode in its 7-nanometer process that resulted in yield degradation; (2) that, as a result, the Company would experience a six-month delay in its production schedule for 7-nanometer products; (3) that Intel was reasonably likely to rely on third-party foundries for manufacturing its 7-nanometer products; (4) that, as a result of the foregoing, Intel was reasonably likely to lose market share to its competitors who are already selling 7-nanometer products; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.Eastman Kodak Company (NYSE: KODK) Class Period: July 27, 2020 – August 11, 2020 Lead Plaintiff Deadline: October 13, 2020Shareholders with losses exceeding $150,000 are encouraged to contact the firmSpecifically, Defendants failed to disclose to investors that the Company had granted its Executive Chairman, James Continenza, and several other Company insiders millions of dollars’ worth of stock options immediately prior to the Company publicly disclosing that it had received the $765 million loan, which Defendants knew would cause Kodak’s stock to immediately increase in value once the deal was announced. In addition, while in possession of this material non-public information, Continenza and other Company insiders purchased tens of thousands of the Company’s shares immediately prior to the announcement, again at prices that they knew would increase exponentially once news of the loan became public.To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.Contacts Law Offices of Howard G. Smith Howard G. Smith, Esquire 215-638-4847 888-638-4847 howardsmith@howardsmithlaw.com www.howardsmithlaw.com