Eastman Kodak stock surge as roller-coaster ride continues

Eastman Kodak (KODK.US) stock rose over 24% after hedge fund D.E. Shaw disclosed a 5.2% stake in the company. One need to remember that D.E. Shaw is a quantitative trading firm, which means that the purchase doesn’t necessarily represent company's long-term outlook on Kodak's stock .

Eastman Kodak (KODK.US)  - during early trading stock surged 65% to  $9.87. However later in the session stock pulled back from that level and price is currently testing the support $7.38. Should sellers manage to break below it, a downward impulse towards $6.44 could be launched. Source: xStation5

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