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Why Kodak Stock Fell Today

TheMotleyFool

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Shares of Eastman Kodak (NYSE: KODK) rose as much as 19.7% on Tuesday before declining and ending the day down 3.6%. The volatile small-cap stock gave up its gains following reports of a Securities and Exchange Commission probe into the company.

The SEC is launching an investigation into Kodak's disclosures related to its $765 million Defense Production Act loan, which ignited a massive surge in its stock price, according to The Wall Street Journal. Kodak's shares rose as much as 28 times in value after news of the loan broke.

Regulators are reportedly investigating Eastman Kodak. Image source: Getty Images.

Source Fool.com

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