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Eastman Kodak shares dip in return to NYSE

November 1, 2013
Associated Press

Eastman Kodak Co. shares surged at the start Friday's session, but fell by midmorning in their return to trading on the New York Stock Exchange.

Eastman Kodak emerged from bankruptcy in September and its old stock was canceled. The company issued new shares that had been trading over the counter, but on Friday its stock moved to the New York Stock Exchange to trade under the symbol "KODK".

The Rochester, N.Y., photography and film pioneer filed for Chapter 11 bankruptcy protection in 2012 after failing to cope with economic, industry and competitive challenges. It has since shed its debt, sold off assets and is trying to make a comeback as a smaller company focused on commercial and packaging printing.

Shares opened at $26.30 and jumped as high as $27.50 in initial trading, but by midmorning shares had slipped 40 cents, to $25.60 in light trading.

 
 

 

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