Eastman Kodak Company (KODK) has seen a notable price movement today, with discussions on Reddit highlighting a potential reason for investor sentiment. A post on r/Darkroom revealed that Kodak is planning to increase the prices of its film products by 5-8% in the near future. This news has sparked frustration among film enthusiasts, with one user commenting, "I mean it’s BEEN getting ridiculous. I don’t think anyone should really be surprised. Annoying nonetheless." The price hike is attributed to Kodak's decision to halt film production temporarily to retool its factory, which has led to supply constraints.
The Reddit community is also discussing the impact of these changes on the availability and pricing of specific film types. Some users noted that while certain films like Tri-X might see a price decrease, others like Gold are expected to rise. Additionally, there are concerns about the quality of film products, with one user mentioning, "The quality of the 5X7 sheets has certainly gone down. Visibly uneven emulsion with bubbles and pits." The discussions reflect a mix of disappointment and adaptation strategies, as some users consider switching to alternative brands like Ilford to manage costs.
As of the latest update, Eastman Kodak's stock is trading at $6.64, reflecting an 8.03% decrease from the previous close.