Eastman Kodak (NYSE:EK) shares rallied 16% on Wednesday on reports that its patent portfolio could be worth more than $3 billion in a sale, according to MDB Capital Group.
Speculation around the value of its patent could make it a likely target in the recent intellectual property purchasing sprees by technology companies.
Last July, Kodak announced that it was exploring "opportunistic alternatives" for its digital-imaging patents that represent about 10% of its total U.S. patent portfolio.
Eastman Kodak is currently below its 50-day moving average (MA) of $2.78 and below its 200-day MA of $3.72.