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Eastman Kodak Co. stock returned to the New York Stock Exchange on Friday, trading under the symbol KODK.
The stock jumped initially, climbing to $27.50 after opening at $26.30. The stock closed at $26.25.
Upon Kodak’s emergence from Chapter 11 restructuring on Sept. 3, the outstanding stock of the company was cancelled, and the company issued new common stock that had been trading since that time under the symbol EKOD on over-the-counter venues.
“This is an important moment for the new Kodak,” CEO Antonio Perez said in a statement this week. “We are pleased to once again be listed on the NYSE. The change in our symbol reflects that we are a new company that is focused on business-to-business products and services, well-capitalized and firmly committed to delivering value to our shareholders and innovation to our customers.”
Kodak voluntarily delisted from its longtime home--it first was listed there April 12, 1905--on the NYSE on Jan. 19, 2012, when it filed for Chapter 11. It had traded as EK.
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