Why Kodak Stock Climbed 10.3{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in November

What happened

Shares of Eastman Kodak (NYSE:KODK) rose 10.3{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} in November, according to data from S&P Global Market Intelligence. The stock climbed in conjunction with momentum for the broader market. 

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Kodak posted third-quarter results on Nov. 10, with sales coming in at $252 million for the period (down 20{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} year over year) and the company reporting a $13 million sequential increase for its cash balance. However, the earnings report doesn’t appear to have had much of an impact on the stock’s performance, and record-setting gains for the broader market appear to have been