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Kodak jumps over 70% a day after jumping on the blockchain bandwagon

Published 01/10/2018, 09:10 AM
Updated 01/10/2018, 10:43 AM
© Thomson Reuters

© Thomson Reuters

  • Shares of Kodak (NYSE:KODK) spiked after the photo company announced it would launch its own form of blockchain technology dubbed "KodakCoin."
  • Kodak's stock is up 66.91% at $11.40 in pre-market trading on Wednesday. Shares soared as much as 136% on Tuesday, the day the news was initially announced.
  • In partnership with WENN Digital, the new digital currency is intended to help photographers with image rights management.
  • Several companies from iced tea to poker to cannabis have pivoted to blockchain and watched their shares skyrocket.
  • The photo company's stock is up 117.46% this year.
  • To view Kodak's stock price, click here.

To read about companies you wouldn't expect to jump on the blockchain bandwagon, but have, click here.

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