Eastman Kodak Co. (NYSE: EK)
Eastman Kodak Co., the 2nd best swing trading penny stock play of 2012, is about to get a Big Boost from Big Brother. The Federal Reserve will be more transparent about their interest rate policy starting this month. The Fed will publish their projections for the benchmark interest rate. Basically, the Federal Reserve is going to expose to the public what their predictions are for the interest rate they set.
With Fed forecasts made available publically, investors will have a better idea of what’s in store for the economy and that means they may be willing to take on more risks which could spark a buying frenzy in penny stocks. We have already seen signs of this when another troubled company delisted from the NYSE to the Pink Sheets only to show penny stock traders 58% profit in less than two days trading in their first week on the new exchange.
Eastman Kodak Co., EK, troubled as is what we consider the best swing trade stock for 2012, is set to fall out of the NYSE very soon. Claiming infringement on its digital photography patents, EK sued Apple, Inc. and HTC Corp. Tuesday, January 10, 2012, in a last ditch effort before the lights get turned off. Kodak hopes to use its patent portfolio to bail out its debt as it struggles to avoid the inevitable; seeking bankruptcy protection.
Based in Rochester, NY, Eastman Kodak Co.’s stock is traded under the symbol EK on the New York Stock Exchange (NYSE) and has 18,800 listed full time employees.
Click Here to watch Bloomberg Interview discussing the EK lawsuit against AAPL and HTC.
|Trading Symbol:||NYSE: EK|
|Avg Vol (3 month):||10,229,500|
|Avg Vol (10 day):||29,907,600|
|Total Cash (mrq):||$900.00M|
|Shares Outstanding:||269.95 million shares|
|Float:||268.47 million shares|
|Shares Held by Insiders:||1.68%|
|Institutions Holding Shares:||208|
|Top Institutional Holder:||12,890,028 shares
The Vanguard Group, Inc.
(as of 9/30/2011)
|Top Mutual Fund Holder:||7,979,674 shares
Legg Mason Capital Management Opportunity Trust Fund
(as of 9/30/2011)
|Contact Information:||343 State Street
Rochester, NY 14650
|Investor/Analyst inquiries:||Angela Nash
Manager, Investor Relations
|Analyst Recommendations:||(current month)|
Eastman Kodak Co.(NYSE: EK) opening price in the stock market today is $0.60.
EK is trading -3.33% below its 50 day moving average and -56.67% below its 200 day moving average.
EK is -86.19% below its 52-week high of $5.69 and 118.25% above its 52-week low of $0.36.
EK‘s PE ratio is N/A and its market cap is $213.07M.
Eastman Kodak Company had led the way in digital photography with an abundance of new products and processes to make photography simpler, more useful and more enjoyable. Today’s Kodak is known not only for photography, but also for images used in a variety of leisure, commercial, entertainment and scientific applications. EK’s reach increasingly involves the use of technology to combine images and information creating the potential to profoundly change how people and businesses communicate.
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