Robinhood Daytraders Stampede Into Kodak as Stock Soars
- Brokerage’s users scoop up shares of Kodak as the stock jumps
- It’s the latest virus-cure related name titillating daytraders
Photographer: Andrew Harrer/Bloomberg
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Robinhood day traders swarmed to Eastman Kodak Co. shares as the stock rallied as much as 2,760% this week.
As of 3:30 p.m. in New York on Wednesday, almost 79,000 users of the investing app had added Kodak to their accounts in some form over the past 24 hours, according to website Robintrack.net, which aggregates data from the brokerage but isn’t affiliated with it. The activity was 15 times more than the next most-popular stock, Heat Biologics Inc. Roughly 34,000 of the additions came over the latest four-hour span.