Director Sileck buys 10,000 KODK shares at $7.02; stock up 29.2% in 30 days, +38.7% in 90 days.
Michael Sileck, a Director at Eastman Kodak, purchased 10,000 shares at $7.02 on 2024-12-19, increasing his holdings to 107.9K shares (+10.2% stake growth). The transaction occurs in a favorable momentum context: the stock has risen 29.2% over the prior 30 days and 38.7% over 90 days, trading at $6.81 (still 8.6% below the 52-week high of $7.45). Sileck's own prior buy at KODK in May 2023 was well-timed at the 90-day mark (+10.2% return), establishing a pattern of purchasing at opportune moments at this ticker. Fundamentals remain challenged—annual revenue contracted 7.3% year-over-year and the company's P/E of 6.74 reflects valuation compression—yet the director's willingness to commit $70.2K to 10,000 additional shares during a strong rally suggests confidence in near-term direction or underlying recovery prospects.