Kodak extends spike to 40%, triggering second volatility halt
Yahoo Finance's Julie Hyman shares what's moving the world of finance.
Video Transcript
JULIE HYMAN: Kodak, remember, this is the legacy photography company that recently was awarded a loan from the administration to develop the raw materials for coronavirus drugs. Now, there is an investigation into that loan, as well as the trading around it because the stock rose in the day before that was announced. The stock has been all over the place, but today it is up very sharply.
Just in the past call it 15 minutes, we've seen a couple of halts for volatility. That's what's triggered when you see big increases all at once in a stock. So circuit breakers get halt-- get activated, and then the stock is halted temporarily. Right now, shares of Kodak are up 69%. Again, there doesn't seem to be any particular reason why, but that is what's happening. We'll keep you posted on if any actual news crosses on that front.