After recovering a small percentage yesterday, Eastman Kodak continues in downtrend, returning to the level in early April.
Prior its earning report, the shares of Eastman Kodak has been raising, anticipated by the market with powerful earning. The shares at one point reached $9 mark. However, after the disappointed earning report, much lower than market expectation, the shares has been sinking.
Technically, the shares will continue trend down. The company is expecting flat revenue this year, however, Eastman Kodak still has a great number of patents in imaging. Could it be another take-over target, like PALM?
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