Will KODK Directors Resume Massive Inside Purchases after Q1 Report Amid New EV Battery Initiative?
Kodak (NYSE: KODK) recently garnered investor attention after an insider bought millions of shares on the open market after they quietly disclosed in a 10-K filing that the company is entering several new spaces i
Eastman Kodak Q1 Sales $290.00M Up From $265.00M YoY
Eastman Kodak (NYSE:KODK) reported $290.00 million in sales this quarter. This is a 9.43 percent increase over sales of $265.00 million the same period last year.
Earnings Scheduled For May 10, 2022
Companies Reporting Before The Bell
• The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.
Kodak Tweets ‘With a century of experience in coating that started with film manufacturing, KODAK continues to offer advanced coating services for a variety of applications, including battery components.’
https://twitter.com/Kodak/status/1516813046752100355
KODK Reveals it’s Entered the EV Battery Space, Massive Insider Buying Follows
– Fundamentals improve across the board in recent earnings report
– Catalysts: Massive insider buying on the open market after KODK unveils EV/Energy initiative
– Sentiment: Not just a legacy camera company anymore. EV battery space could be gamechanger
Looking Into Eastman Kodak Companynew’s Recent Short Interest
Eastman Kodak Companynew's (NYSE:KODK) short percent of float has fallen 4.27% since its last report. The company recently reported that it has 6.46 million shares sold short, which is 11.66% of all regular shares that are available for trading.
Kodak and GDM Announced New Technology Partnership
Kodak and GDM have entered into a partnership to integrate Kodak's high speed inkjet technology into disposable hygiene production lines. Kodak is a leading global manufacturer focused on commercial print and advanced materials & chemicals; GDM, a company of Coesia Group, based in Offanengo, Italy, is a global leader in converting and packaging solutions for the Disposable Hygiene industry.
Executives Buy Around $39M Of 4 Stocks
Although US stock futures traded lower on Wednesday, there were a few notable insider trades.