Kodak shares soar on news of cryptocurrency venture | WHAT REALLY HAPPENED


Kodak shares soar on news of cryptocurrency venture

Shares of Eastman Kodak stock were soaring Tuesday after the company announced a new cryptocurrency initiative.

The company unveiled a licensing partnership with Wenn Digital to launch an image rights management platform called KODAKOne and a photo-centric cryptocurrency called KODAKCoin.

The stock price opened at $3.10 a share Tuesday and rose as high as $7.65 after the announcement was made at the Consumer Electronics Show in Las Vegas. When the stock market closed at 4 p.m., shares were trading at $6.80.

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