Shares of The Goodyear Tire & Rubber Company (GT) Drops by -0.04%

The Goodyear Tire & Rubber Company (GT) : During the past 4 weeks, traders have been relatively bearish on The Goodyear Tire & Rubber Company (GT), hence the stock is down -7.1% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.51% relative to the S&P 500. The 4-week change in the price of the stock is -3.03% and the stock has fallen -0.04% in the past 1 week. The stock has recorded a 20-day Moving Average of 0.93% and the 50-Day Moving Average is 1.9%.

The Goodyear Tire & Rubber Company (NASDAQ:GT): The stock opened at $26.73 on Friday but the bulls could not build on the opening and the stock topped out at $26.73 for the day. The stock traded down to $26.36 during the day, due to lack of any buying support eventually closed down at $26.52 with a loss of -0.45% for the day. The stock had closed at $26.64 on the previous day. The total traded volume was 2,763,995 shares.


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 91.92% of The Goodyear Tire & Rubber Company shares. During last six month period, the net percent change held by insiders has seen a change of -9.67%. In a related news, Morell Michael J, director of Goodyear Tire & Rubber Co /Oh/, executed a transaction worth $24,491 on May 5, 2016. A total of 875 shares were purchased at an average price of $27.99. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.