Below we highlight few companies whose shares are actively trading in Tuesday's session.
Eastman Kodak Co. (NYSE: EK) slumped more than 4% on Tuesday on growing concerns that the company will run out of cash.
Alcatel-Lucent (NYSE: ALU) surged more than 5% Tuesday after the company announced that it will increase the efficiency and reach of China Unicom's 3G network in the Chinese provinces of Zhejiang, Jiangsu and Fujian. In more than ten provinces, Alcatel-Lucent will also provide optimization activities, allowing China Unicom the ability to monitor, troubleshoot and optimise network efficiency as subscribers increase, using a range of reporting capabilities.
E*TRADE Financial Corporation (NASDAQ: ETFC) rallied more than 3% on speculation that billionaire investor Carl Ichan has made an investment in the company.
InterDigital, Inc. (NASDAQ: IDCC) soared more than 23% after the company announced that its Board of Directors has initiated a process to explore and evaluate potential strategic alternatives for the company, which may include a sale or other transaction.The company has retained Evercore Partners and Barclays Capital as its financial advisors to assist with the strategic review process.
Clean Diesel Technologies, Inc. (NASDAQ:CDTI), jumped more than 17% after the company announced today that it has been chosen as a catalyst supplier to Fisker Automotive, an American manufacturer of the first premium plug-in hybrid electric vehicles with extended range. Clean Diesel is supplying catalysts utilizing its patented mixed phase catalyst technology for the Karma, Fisker's new luxury sedan, which starts shipping to both European and U.S. retailers this month.
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