Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eastman Kodak Co. shares valued at $22,200 were purchased by Katz Philippe D on Nov 16 ’23. At $3.70 per share, Katz Philippe D acquired 6,000 shares. The insider’s holdings grew to 161,496 shares worth approximately $0.81 million following the completion of this transaction.
Also, Katz Philippe D purchased 3,000 shares, netting a total of over 13,770 in proceeds. Following the buying of shares at $4.59 each, the insider now holds 155,496 shares.
Before that, SILECK MICHAEL had added 15,000 shares to its account. In a trade valued at $65,850, the Director bought Eastman Kodak Co. shares for $4.39 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $0.38 million.
Analyzing KODK Stock Performance
During the last five days, there has been a surge of approximately 10.28%. Over the course of the year, Eastman Kodak Co. shares have jumped approximately 29.23%. Shares of the company reached a 52-week high of $5.78 on 03/01/24 and a 52-week low of $3.33 on 01/17/24. A 50-day SMA is recorded $4.20, while a 200-day SMA reached $4.28. Nevertheless, trading volume fell to 0.84 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Eastman Kodak Co. (KODK)
According to the 24-hour chart, there is a support level at 4.83, which, if violated, would cause prices to drop to 4.63. In the upper region, resistance lies at 5.17. The next price resistance is at 5.31. RSI (Relative Strength Index) is 60.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 30.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Eastman Kodak Co. subject to short interest?
Stocks of Eastman Kodak Co. saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.4 million shares to 5.67 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.27 million shares. A jump of 24.69% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.19 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.19.
