NEW YORK - EK saw a high number of call contracted traded today, meaning investors are believing the stock will move higher.
The options may be bought to hedge, the large percent of EK which is held short which is a staggering 30% of the float. Eastman Kodak closed at $4.26 in the last trading session and opened today at $4.23. EK Stock is known to rally before quarters, as the companies results are always far off the actual estimates.
Eastman Kodak Company (Kodak) a former industry titan is engaged in the sale of imaging products, technology, solutions and services to consumers, businesses and professionals. The Company’s products span digital still and video cameras and related accessories; consumer inkjet printers and media; digital picture frames; retail printing kiosks, APEX drylab systems and related media; KODAK Gallery online imaging services; prepress equipment and consumables; workflow software for commercial printing; electro-photographic equipment and consumables; commercial inkjet printing systems; document scanners; photographic paper and processing chemicals, and wholesale photofinishing services. It has three segments: Consumer Digital Imaging Group, Film, Photofinishing and Entertainment Group, and Graphic Communications Group. In December 2009, the Company sold assets of its display business, organic light-emitting diode. In September 2009, the Company acquired the scanner division of BWE BELL + HOWELL.
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