Why Eastman Kodak Stock Just Dropped Another 11%

Why Eastman Kodak Stock Just Dropped Another 11%

This does not look like the week to own shares of Eastman Kodak (NYSE: KODK). Last week, the former photography giant that has now turned to producing pharmaceutical ingredients could do no wrong. Kodak stock nearly doubled on positive news that a team of lawyers (working for the company) who investigated possible wrongdoing surrounding a $765 million government loan had cleared Kodak of liability.