Eastman Kodak Company (KODK) shares are experiencing an uptick in after-hours trading, likely influenced by the positive outlook for the digital photo frame market. A recent report by Technavio, released on December 2, 2024, projects the global digital photo frame market to grow by USD 110.4 million from 2024 to 2028, with a compound annual growth rate (CAGR) of nearly 2.94%. Kodak is among the key players in this market, which is seeing increased demand due to a trend towards smart digital photo frames and a higher standard of living.
The report highlights the potential for growth in the digital photo frame sector, which could benefit Kodak as it is positioned as a significant player in this market. This positive market sentiment may be contributing to the rise in Kodak's stock price after hours.
Kodak's stock rose 1.11% to $7.30 in after-hours trading, following a close of $7.22 on December 2, 2024.