Markets

Kodak rockets 52% after hedge fund scoops up nearly 4 million shares

Eastman Kodak soared as much as 52% in early Tuesday trading after an SEC filing revealed hedge fund D. E. Shaw & Co. buying more than 3.9 million shares of the company. The purchase represents a 5.2% stake in Kodak. Kodak’s stock price has settled around 40% higher year-to-date after […]
Kodak rockets 52% after hedge fund scoops up nearly 4 million shares
Markets

Lowe’s is popping after reports of an activist investor stake

Shares of Lowe’s, the home improvement retailer, jumped more than 6% after Bloomberg reported an activist investment from D.E. Shaw, a quantitative investment firm, on Friday. The size of the investment is unknown, but a 0.12% stake in the company was disclosed by D.E. Shaw in November, according to Bloomberg. […]
Lowe’s is popping after reports of an activist investor stake
Markets

GOSSIP: Today’s Wall Street Buzz in 60 Seconds

[credit provider=”AP”] Analyst Anand Kinkhabwala broke the Greenlight company record for longest last name at the firm when she was hired this August. Einhorn congratulated her in the company’s latest investor letter.Prop trading firm New York Securities is hiring as it launches a new hedge fund. The company may hire […]
GOSSIP: Today’s Wall Street Buzz in 60 Seconds