Volume Spike Investor

Eastman Kodak Co. (NYSE: EK) is seeing a surge right after the open in trading today. Shares are up some 15% at $14.24 as of 9:47 AM EST. We have also seen a volume surge to 3.4 million shares. The company announced a huge buyback after an IRS refund, although we’d note that the books are still leveraged as you’ll see in the full notes.

Average daily volume: 4.61 million shares
Market Cap: $4.1 Billion
52-week range: $12.20 to $29.60
Options: YES

Jon Ogg
June 24, 2008