Eastman Kodak Company (KODK) shares are experiencing a decline today, primarily due to the company's decision to temporarily halt all film production at its Rochester, New York facility. This pause is part of Kodak's efforts to modernize the plant, which has raised concerns among investors about potential disruptions in supply and revenue streams. The news of the production halt has overshadowed any positive developments, such as the company's ongoing investments in its Advanced Materials & Chemicals group and the anticipated launch of new products.
The stock is currently trading at $7.14, down 1.52% from its previous close of $7.25, and has fallen 2.33% from its opening price of $7.31.