The Briefing Room

General Category => Economy/Business => Topic started by: rangerrebew on August 06, 2020, 09:18:00 AM

Title: The SEC is investigating Kodak's recent 2,190% stock spike following Elizabeth Warren's calls for a
Post by: rangerrebew on August 06, 2020, 09:18:00 AM

The SEC is investigating Kodak's recent 2,190% stock spike following Elizabeth Warren's calls for action
Ben Winck
Aug. 4, 2020, 06:42 PM


    The Securities and Exchange Commission is investigating trading of Eastman Kodak shares before the public announcement last week of a $765 million government loan to make drug ingredients, The Wall Street Journal reported on Tuesday.

    Kodak shares spiked as much as 2,190% in the two days after the announcement on July 28. It also gained as much as 26% the day before information about the loan was made public.

    In a letter on Monday, Warren urged the SEC to investigate individuals and corporate entities making large trades of Kodak stock before the announcement, as well as whether anyone inside Kodak shared information about the loan before it was made public.

    "This is just the latest example of unusual trading activity involving a major Trump administration decision," Warren wrote.

https://markets.businessinsider.com/news/stocks/elizabeth-warren-kodak-stock-price-rally-sec-probe-insider-trading-2020-8-1029468479#
Title: Re: The SEC is investigating Kodak's recent 2,190% stock spike following Elizabeth Warren's calls f
Post by: rangerrebew on August 06, 2020, 09:19:40 AM
I would like to see a list of congressional people who profitedfrom the "spike." :pondering: