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Micro-Cap on the Move; Eastman Kodak Company (EKDKQ)

By Warren Paige

Shares of Eastman Kodak Company (PINK: EKDKQ) are gaining in trading today. At last check, EKDKQ shares were trading 3.32% higher at $0.283 on volume of 1.02 million. Despite the gains in trading today, EKDKQ shares have fallen 1.91% in the last three trading sessions.

Earlier this month, Eastman Kodak received approval from the bankruptcy court to sell its digital imaging patents. The patent sale is a crucial part of EKDKQ’s restructuring.

It may be recalled that Apple Inc. (NASDAQ: AAPL) and privately-held FlashPoint Technology Inc. had objected to the patent sale. The two companies claimed ownership in some of the patents that Kodak is looking to auction. However, the bankruptcy court determined that all patents are property of Kodak estate and may be sold free and clear of Apple and FlashPoint claims.

Kodak is expected to auction the patents early next month.

July 12th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.