|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.80 - 10.55|
|52 Week Range||2.95 - 15.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Thanks to a Securities and Exchange Commission filing, more is known about the planned partnership between Eastman Kodak Co. and Wenn Digital, parent company of a paparazzi photo agency Wenn Media.
On January 17, 2018, Overstock (OSTK) moved higher as its subsidiary, tZERO, announced that it had chosen KODAKCoin as its first offering for its security token platform. The third-party security token will be launched on tZERO’s trading platform in fiscal 1Q18. According to the press release, tZERO will be providing various services like end-to-end advisory and trading services along with help on the technical implementation of KODAKCoin and know-your-customer verification services.
Something should not sit right with investors when a company hints at blockchain technology getting incorporated into its business model. Helios is not the only company doing this: Eastman Kodak Company (NYSE:KODK) did the same thing on January 9. To even consider investing in HMNY stock, astute investors must look at Helios’ key product: MoviePass.
While, there may well be some value in bitcoin and offshoots like Bitcoin Cash — the technology of the blockchain no doubt has utility — trading in bitcoin stocks at this time would be repeating the past mistakes of the dot-com bubble. There’s literally zero argument at this point for any investor to buy bitcoin — or even blockchain — related stocks.
Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week. Funds coming to market on Wednesday will purchase shares of companies, such as Hitachi Ltd, Accenture plc and Overstock.com Inc, that may benefit from the digital asset's underlying technology. Rather than buying wild-trading "cryptocurrencies" themselves, the funds' tactic has mollified uneasy regulators who have denied or tabled more than a dozen proposals for funds that would own bitcoin or futures based on them.
FIS Astec Analytics released its latest weekly list of the most popular stocks among short sellers. This week’s list is topped by two companies attempting to make major business transitions to turn around ...
The price of bitcoin has plummeted nearly 14% in the last day, and the cryptocurrency is now trading below $12,000, according to MarketWatch. The Bitcoin Investment Trust (GBTC) has tumbled 13%, while Bitcoin Cash, ethereum, and litecoin are also taking hits. A number of factors are at play, all suggesting greater scrutiny of bitcoin and other cryptocurrencies.
Companies or organizations that suddenly pivot to blockchain, bitcoin, or cryptocurrencies should be met with skepticism by investors.
Be wary when a company like Kodak or Long Island Ice Tea adds Blockchain to its name or embraces digital currencies. It feels just like Dot Com during the Tech Bubble and it didn’t end well.
Kodak shares pulled back, after more than tripling the past two sessions on blockchain news; 7 of the company’s 9 board members acquired securities convertible to common stock the day before the news.
Stocks soared on Thursday thanks to the largest gain by transportation stocks since 2001 and a rally in Treasury bonds as fears China could slow its bond purchases — the reason for some market unpleasantness earlier in the week — faded away after officials essentially labeled the report fake news.
Eastman Kodak Co.’s recent announcement that it plans to launch a cryptocurrency has excited the stock market, but distressed-debt investors remain worried about a looming debt maturity and the company’s ...
News of the bill comes from S. Korea Justice Minister Park Sang-ki. While this news isn’t good for investors of virtual currencies, it also doesn’t mean that a ban is a sure thing. The government later responded by saying that the bill isn’t finalized and that it may not ban cryptocurrencies.
Here are some things going on today in your world of tech: Shares of Eastman Kodak (KODK) are finally cooling after their blockchain-inspired run since Tuesday, falling $1.40, or 13%, at $9.30. The stock more than doubled on Tuesday when the company announced it would introduce a new crypto-currency, “Kodak Coins,” to support a platform for photo rights management using blockchain technology. The shares had soared another 57% yesterday, despite Kodak CEO Jeff Clarke telling me in an interview that the price increase was not justified by the new initiative.
When an iconic camera company like Eastman Kodak Company (NYSE:KODK) announces that it is entering the cryptocurrencies space, however, it smacks of a sign that the mania has reached a crescendo. On Tuesday, KODK announced plans to mint KodakCoin. The news sent Kodak shares soaring.