Large Outflow of Money Witnessed in The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company (NASDAQ:GT) had an volatile session and gained 0.07 points till last call. The price was at $27.15, gaining 0.26% till the last intraday data. The total uptick value was $0.18 million while the total downtick value was $4.86 million. The shares saw a net money flow of $(-4.68) million and the up/down ratio stood at 0.04. The stock has seen a change of of -0.98% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-4.66) million. Almost $0 million were received in upticks and approximately $4.66 million were lost in downticks, thereby giving the up/down ratio of 0.

The Goodyear Tire & Rubber Company has lost 0.26% in the last five trading days and dropped 0.22% in the last 4 weeks. The Goodyear Tire & Rubber Company has dropped 15.42% during the last 3-month period . Year-to-Date the stock performance stands at -15.88%.

Currently the company Insiders own 1.2% of The Goodyear Tire & Rubber Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 45.46% . Institutional Investors own 91.91% of The Goodyear Tire & Rubber Company shares. During last six month period, the net percent change held by insiders has seen a change of -17.86%. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Goodyear Tire & Rubber Co /Oh/, Morell Michael J, had purchased 875 shares in a transaction dated on May 5, 2016. The transaction was executed at $27.99 per share with total amount equaling $24,491.

The Goodyear Tire & Rubber Company (NASDAQ:GT) rose 1% or 0.27 points on Friday and made its way into the gainers of the day. After trading began at $26.98 the stock was seen hitting $27.38 as a peak level and $26.89 as the lowest level. The stock ended up at $27.35. The daily volume was measured at 3,719,209 shares. The 52-week high of the share price is $35.3 and the 52-week low is $25.5. The company has a market cap of $7,274 million.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Companys business is the development, manufacture, distribution and sale of tires and related products and services across the world. The Company operates in four segments: North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia Pacific. The North America segment is a supplier of tires to manufacturers of automobiles, motorcycles, trucks and aircraft. The EMEA segment is a supplier of tires to vehicle manufacturers across the region. The Latin America segment manufactures and sells automobile and truck tires. The Asia Pacific segment sells primarily Goodyear brand tires throughout the region and also sells the Dunlop brand in Australia and New Zealand. The Company manufactures and sells tires under the Goodyear, Dunlop, Kelly, Debica, Sava and Fulda brands and various other Goodyear owned-house brands, and the private-label brands of certain customers.

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