This Week
  • LiDestri plans $6M expansion and to add 29 jobs.

  • Mark IV Enterprises has built some of the area's most notable projects.

  • Low interest rates prompt smaller banks to seek other ways to boost profit.

  • Auction Direct's growth strategy is to increase sales volume in existing locations.

  • The Schools Report Card has rankings for 27 districts and more than 250 schools.

  • Ram Balasubramanian works on engineering projects around the globe.

Kodak shares rise after execs buy stock

Rochester Business Journal
May 18, 2011

Shares of Eastman Kodak Co. jumped more than 17 percent on news that CEO Antonio Perez and other top executives had purchased stock.

Kodak shares (NYSE: EK) were trading midday Wednesday up 55 cents to $3.67.

A Tuesday filing with the Securities and Exchange Commission shows that on May 13, Perez bought 26,667 shares of common stock priced at $3 a share. It is worth $203,000.

Richard Braddock, presiding director of Kodak's board, bought 69,000 shares at $2.87, for a value of $200,000.

Chief Financial Officer Antoinette McCorvey bought 9,865 shares worth nearly $36,000.

Shares of Kodak climbed last week after a judge ruled in the company’s favor in patent lawsuit brought by Apple Inc. The case was a countersuit brought by Apple.

That came after stocks plunged in late April when Kodak posted a net loss of $249 million, or 92 cents a share, in the first quarter, missing analysts’ earnings expectations.

(c) 2011 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google