Hundreds of Funds Exposed to Eastman Kodak
Many of them are value and blend offerings.
Shareholders in a few hundred mutual funds are likely to feel the effect of Eastman Kodak's (EK) steep dive Tuesday.
On Tuesday, the camera-and-film maker was one of the most active issues on the New York Stock Exchange, dropping 25% after it said third-quarter earnings would fall short of estimates by between $0.20 to $0.25 per share. Kodak was the biggest weight dragging the Dow Jones Industrial Average down more than 100 points as the company suffered its most precipitous one-day plunge since the 1987 stock market crash, when its price dropped 30%.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.