We regret to inform you that Kodak shares are again on the move, and in an upward direction, and that, as with all such movement over the last two months, and most especially the past six weeks, it has nothing whatever to do with the anything like the company’s fundamentals.
Shares of Eastman Kodak Co. were up about 60% shortly after the start of trading in New York, following a legal review of how it award stock option grants to its chief executive officer before announcing a federal loan. The review determined the company had mishandled the process, but also that stock transactions by its chief executive officer and a board member didn’t constitute insider trading.