Kodak stock rides rumor rocket

Kodak shares (NYSE: EK) climbed more than 9 percent by mid-afternoon to $26.23 Wednesday despite no news or filings by the imaging firm. But a source on Wall Street explained three rumors were floating around on the Street on Wednesday. More than 10 million shares had traded by 2:15 p.m., compared with an average trading of 2.8 million shares.

The first scenario has a private equity firm in a leveraged buyout of Kodak. The second rumor involved a link of Kodak with Dell Inc. The third involved Warren Buffett looking at Kodak as an investment.

Kodak rumored to enter IP-sharing agreement with Smart Phone developer. Apple? Dell?

bmvaughn

Wed Apr 25

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