Wednesday, April 25, 2007

Kodak, Lexmark -- Shares going different directions

Today's rising stock market, featuring the Dow Jones Industrial Average's first close over 13,000, saw two imaging and printing stocks heading in opposite directions. Eastman Kodak Company's (NYSE EK) shares surged 9% on numerous rumors, including the seemingly unlikely idea that they're an acquisition target of HP (NYSE HPQ).

Lexmark's (NYSE LXK) shares were still headed downward today, after a dramatic drop on Tuesday. The company announced downward sales trends in both inkjet and laser hardware, along with flat supplies sales.

Both companies' shares (and overall fortunes) will continue to be interesting to monitor.

No comments: