- We are not done yet bidding up Kodak (NYSE:KODK) despite yesterday's mesmerizing 119% rally off a blockchain moment.
- Some investors seem to think that the company's pivot to cryptocurrency and a blockchain platform for photographers could make more sense than the Long Island Iced Tea transformation.
- "When you consider the use case they have to improve ownership rights for image owners in the digital space it’s got a good reason to be involved," observes ETX Capital analyst Neil Wilson. "To what extent it will improve earnings I simply don’t know and I doubt anyone really does," he adds in a kicker.
- Shares of Kodak are up 73% in premarket action to $11.65.
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, LFIN
- Previously: Old school Kodak +67% on blockchain move (Jan. 9)
- Previously: Kodak +120% in one keeper of a 'Kodak moment' (Jan. 9)
- Now read: Venezuela's Cryptocurrency Proposal Has Real Consequences For Global Oil Markets
Original article