Recently, the shares rose by 332 percent to 34 and 35 to the U.S. Dollar. In the meantime, they were shot more than 500 percent to $ 60 high. The day before, the stock had recorded a big Plus and were shot of 2.65 dollars to eight dollars higher. On several occasions the stock market had interrupted a question of trade. On a weekly perspective, an increase of over 1200 percent in order.
The shares spurred the view that the group receives from the US government a million credit, in order to produce ingredients for drugs. Eastman Kodak receives in the context of 1950 on the occasion of the Korean war-imposed “Defense Production Act”, a 765-million-Dollar credit from the state funds.
In this law, the program recently companies have been obliged to do so, while the Coronavirus pandemic, to manufacture medical supplies – with the goal of making scarce products to the fight against the Virus faster available. “By the 33. Use of the Defense Production Act, we Kodak mobilize, thus, the group establishes a common, active ingredients for pharmaceuticals”, – quotes the exchange portal, “CNBC” the US President Donald Trump.
New lifeline for tradition group Kodak
On the market, it was said that the money was for the famous, already 131 years old photo group of the lost in his in the business in the digitisation of the connection, a new lifeline will be – and thus for years in the downward spiral of shares outstanding. 2014 were paid in the High, almost 38 dollars, in the Deep, it had been well during the Corona crash for only $ 1.50. Bernecker exchange – compass orientation for your Depot. Clear. Compact. Competent. (Partner offer) Now for 30 days completely free trial!
In the context of the original for times of war, developed the “Defense Production Act” had been mobilized in the early phase of the pandemic, the car maker General Motors, to ventilation equipment. Also the conglomerate 3M, the Federal government has applied the law of 1950, already, in order to secure the supply of the United States with protection masks. Expert explains: The 70:30 rule explains the best way to protect savers against Inflation, FOCUS Online/Wochit expert: The 70:30 rule is the best way to protect savers against Inflation
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/Reuters
