Eastman Kodak's stock is experiencing an uptick today, potentially driven by recent institutional interest and strategic company moves. Victory Capital Management Inc. disclosed a new stake in Kodak, acquiring 134,569 shares valued at approximately $635,000. This investment adds to the growing interest from institutional investors, as several hedge funds have also increased their positions in the company. Additionally, Kodak's management is reportedly closing a significant pension-to-cash conversion deal, which could be perceived as a positive financial restructuring move by the market.
Kodak's stock is currently priced at $7.30, reflecting a 2.24% increase from its previous close of $7.14 and a 2.38% rise from its opening price of $7.13.