Kodak Halted 10 Times As Stock Explodes Higher Amid Flood Of Retail Buying

Yesterday morning we reported that the formerly giant and now tiny Kodak had received a $765m loan from the government to shift to producing chemicals needed for local production of generic medicines, a step taken to ensure that the US is no longer solely reliant on China and India for such inputs, and which sent the stock sharply higher on Tuesday, we had a simple question: why was the stock not much higher: after all with a market cap of just a few hundred million, this stock was about to be a call option on a US-government funded shift to non-China supply chains. And sure enough, we asked as much well before today's market open, when the stock was trading at around $13/share.

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