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Eastman Kodak Skyrocketing

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Barry Ritholtz was on CNBC's Fast Money and he said he has been buying Eastman Kodak Company (NYSE: EK), as the stock is exploding to the upside.

There is no news out on the stock today, but Ritholtz believes that someone like a Hewlett-Packard (NYSE: HPQ), or a Dell (NASDAQ: DELL) could be looking at the company, saying that these companies can better run Eastman Kodak's operations that current Eastman Kodak management.

At last check, shares of Eastman Kodak were up 70 cents to $5.47, a gain of nearly 20%. Volume is also exceptionally strong today, as it's already traded almost 20 million shares. The average daily volume in the name is about 5.5 million shares.

 

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Posted-In: Barry RitholtzNews Rumors Movers & Shakers Movers

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