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Why Kodak Stock Popped Today

TheMotleyFool

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Shares of Eastman Kodak (NYSE: KODK) surged as much as 46.2% on Thursday before pulling back and ending the trading day up 16.3%. The sharp upward move came immediately after CEO Jim Continenza tweeted about Kodak's partnership with Microsoft (NASDAQ: MSFT).

An announcement of a major new deal with Microsoft would certainly be exciting news for Kodak's investors. A big-time collaboration with the tech titan would likely bring new revenue and profit opportunities for Kodak, which could surely use them.

Image source: Getty Images.

Source Fool.com

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