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Kodak up 320% today on the back of a US$765 million loan to launch Kodak Pharmaceuticals

Timothy Anderson

Timothy Anderson is a contributor with the Australian Stock Report and is currently in his final year of studying a Bachelor of Applied Economics and a Bachelor of International Relations and Politics at the University of Canberra. Tim has a genuine passion for economics, specifically in macroeconomic analysis including how certain macroeconomic policies and indicators affect financial markets and the economy, as well as how these factors affect personal investment strategies. Tim currently holds RG146 Tier 1 Generic Knowledge qualifications.

Kodak announced the company’s initiative to create Kodak Pharmaceuticals. On Tuesday, President Trump announced that the company will receive a US$765 million loan to launch Kodak Pharmaceuticals. This new initiative will produce critical pharmaceutical components for US citizens.

 

KDK

 

The rational for this is to ensure that the US has a domestic supply of critical pharmaceutical components for US citizens to get through the COVID-19 pandemic.

Between 28 July to today (30 July 2020), Kodak’s share price has increased by over 1100% and is currently trading at US$33.20.


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This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)
(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).
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ASR has no position in any of the stocks mentioned.

 

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