New York (CNN Business) The enormous rally in Kodak (KODK) shares has no end in sight, after the Trump administration announced the company will be transformed into a pharmaceutical producer under the Defense Production Act. Following a more than 200% jump in Tuesday trading, the rally continued on Wednesday and the shares ended up 318%. But the soaring performance wasn't without hiccups: The New York Stock Exchange halted trading in the shares 20 times throughout Wednesday's trading session as the stock soared, climbing more than 650% at its highest. Kodak, once a giant producer of film and cameras before the digital era, pivoted to turn itself into a a materials and chemical company. It filed for bankruptcy in 2012 and emerged as a restructured business the following year.

Source: CNN July 29, 2020 15:11 UTC