Kodak’s shares fell by 42.87% to $ 8.50 per share at the opening of trading of US, after which paper trading was temporarily suspended. According to the New York Stock Exchange, the decline in shares slowed to 33%.
Quotes fell after the announcement of the termination of the loan agreement for Kodak for $ 765 million until the completion of the investigation of the Securities and Exchange Commission (SEC). The company had to get this money to create a pharmaceutical production.
In late July, news of a loan from the US International Finance Corporation led to a speculative rise in Kodak shares from $ 2.1 per share to $ 60. The sharp movement in shares began on July 27 – the day before the official announcement of the loan.
According to Reuters, some of the company’s top managers received options the day before the official loan announcement. Democratic senator Elizabeth Warren asked to examine the situation on violations of laws on insider trading, after which the SEC launched an investigation. Kodak said it was conducting an internal investigation.
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The American company Airbnb, which is the operator of the rental service of the same name, expects to raise $ 1 billion through an initial public offering (IPO). This is stated in a statement posted on Monday on the website of the Federal Securities and Exchange Commission. The company clarifies that its plans are “preliminary […]
On Monday, November 9, Pfizer CEO Albert Burla sold 62% of his shares in the pharmaceutical company. This was reported by Markers Insider, citing documents from the US Securities and Exchange Commission (SEC). On the same day, Pfizer and BioNTech announced that their experimental COVID-19 vaccine had been successfully tested. Albert Burla sold 132,508 shares […]
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In April, the profit of Ukrainian banks amounted to 6.6 billion hryvnias, and for the four months of 2021 – 17.538 billion hryvnias. NBU data from Friday, May 21 testify to it. The total income of banks in January-April reached 80.103 billion hryvnias, expenses – 62.565 billion hryvnias. At the same time, interest income amounts […]
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