RTTNews | Aug 10, 2020 11:02AM EDT

11:02 Monday, August 10, 2020 (RTTNews.com) - Shares of Eastman Kodak Company (KODK) are down more than 30% Monday morning on the news of U.S. International Development Finance Corp. is halting a $765 million loan to the company to enter into generic drug manufacturing on allegations of insider trading.

"Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared," tweeted the U.S. International Development Finance Corporation on Friday.

Eastman Kodak stock is currently trading at at $10.31. It has traded in the range of $1.50- $60 in the last 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3120111/stock-alert-eastman-kodak-plunges-30-as-765-mln-loan-is-on-hold.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved