October 25, 2020
Business News

Kodak stock soars after big hedge fund buys stake – CNN

New York (CNN Business)Eastman Kodak, the erstwhile photography leader that lost its way in the digital age, wants to reinvent itself as a drug company in the era of Covid-19. And one top hedge fund seems to like the strategy.
D.E. Shaw, a money manager run by billionaire David Shaw (and the firm where Amazon(AMZN) CEO Jeff Bezos first met his now ex-wife MacKenzie) owns a more than 5% stake in Kodak.
Kodak (KODK)disclosed the D.E. Shaw investment in a Securities and Exchange Commission filing…

Click here to view the original article.

Related Posts

You might also like ...

post featured image
If Biden wins, he tells his Wall Street supporters he can’t wait to raise taxes – Fox Business
The Law Offices of Frank R. Cruz Announces Investigation of Atlas Financial Holdings, Inc. (AFH, AFHIF)
post featured image
3 Monster Growth Stocks That Have Legs for Future Gains