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SEC Launches Investigation Of Trading In Kodak Shares Before And After $765 Million Loan Disclosure

BEARISH by u/parvvvvv | Aug 04, 2020 | 14092↑ 583 comments | 28 views | VIEW ON REDDIT
$KODK
$KODK EASTMAN KODAK COMPANY INDUSTRIALS EQUITY SIMULATION
$9.39
-0.15 (-1.57%)
LAST PRICE · 15 MIN DELAY
DAY CHG -1.57%
5D CHG -0.42%
30D CHG -33.40%
AI SUMMARY — SEC launches investigation into Kodak trading around $765M government loan disclosure; stock surged to $60 then fell to $15 amid suspected insider trading by executives with options. Author is bullish on puts, citing inflated valuations and pending litigation ahead of earnings.
TICKERKODK USERu/parvvvvv
RATING BEARISH ENTRY $14.94
POSITION 669 sh SYN BOOK VAL $9994.86
CURRENT $9.39 P&L % -37.15%
CURR VAL $6281.91 P&L $ -3712.95

Guys lets get more puts on this bitch😂😂😂

The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 has gained 2%.

Ps their earnings are out on friday...🤣🤣 they must have done spectacular (sarcasm) 😂

https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-DN20200804010106&cid=1-DN20200804010106-MIP

Another update!!!!! Lawsuits pendings
https://www.businesswire.com/news/home/20200804005980/en/INVESTIGATION-ALERT-Schall-Law-Firm-Announces-Investigating