The Goodyear Tire & Rubber Company (GT) : Traders are bullish on The Goodyear Tire & Rubber Company (GT) as it has outperformed the S&P 500 by a wide margin of 13.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.14% in the last 1 week, and is up 11.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.03% and the 50-Day Moving Average is 13.31%.The 200 Day SMA reached 10.07% The Goodyear Tire & Rubber Company is up 18.82% in the last 3-month period. Year-to-Date the stock performance stands at -0.05%.
The Goodyear Tire & Rubber Company (GT) : The consensus price target for The Goodyear Tire & Rubber Company (GT) is $34.4 for the short term with a standard deviation of $8.23. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $41, however, the pessimist price target for the company is $20.
For the current week, the company shares have a recommendation consensus of Buy. The Goodyear Tire & Rubber Company (NASDAQ:GT): The stock opened at $32.26 and touched an intraday high of $32.55 on Friday. During the day, the stock corrected to an intraday low of $31.82, however, the bulls stepped in and pushed the price higher to close in the green at $32.42 with a gain of 0.09% for the day. The total traded volume for the day was 6,430,748. The stock had closed at $32.39 in the previous trading session.
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.