The Goodyear Tire & Rubber Company (GT) witnessed a selling pressure and the shares last traded with a loss of -0.12 points or -0.37% at $32.27. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $1.67 million with an inflow of $3.35 million in upticks and an outflow of $1.68 million in downticks. Using the data, the up/down ratio is found to be 2. The share price has recorded 3.07% on a weekly basis.A block trade of $1.72 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $1.72, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.
Shares of The Goodyear Tire & Rubber Company rose by 1.91% in the last five trading days and 4.35% for the last 4 weeks. The Goodyear Tire & Rubber Company is up 10.96% in the last 3-month period. Year-to-Date the stock performance stands at 4.35%. The Goodyear Tire & Rubber Company (NASDAQ:GT) witnessed a decline in the market cap on Wednesday as its shares dropped 0.86% or 0.28 points. After the session commenced at $32.5, the stock reached the higher end at $32.7 while it hit a low of $31.9. With the volume soaring to 3,357,423 shares, the last trade was called at $32.11. The company has a 52-week high of $33.36. The company has a market cap of $8,382 million and there are 261,052,520 shares in outstanding. The 52-week low of the share price is $24.306.
Company has reported several Insider transactions to the SEC, on Dec 2, 2016, Jean Claude Kihn (President, EMEA) sold 371 shares at 30.72 per share price.On Nov 16, 2016, Stephen R Mcclellan (President, Americas) sold 471 shares at 31.07 per share price.On Aug 16, 2016, Gregory L Smith (Sr VP, Global Operations) sold 35,869 shares at 29.31 per share price.
Goodyear Tire & Rubber Co Last issued its quarterly earnings results on Oct 28, 2016. The company reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.16. The company had revenue of $3847.00 million for the quarter, compared to analysts expectations of $3972.61 million. The companys revenue was down -8.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.99 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Goodyear Tire & Rubber Co was Initiated by Jefferies on Nov 29, 2016 to Buy, Price Target of the shares are set at $36.50.Goodyear Tire & Rubber Co was Initiated by Berenberg to Buy on Nov 22, 2016.
Goodyear is one of the worlds largest tire companies. The company manufactures tires, engineered rubber products and chemicals in facilities in numerous countries. It has marketing operations in almost every country around the world. (Company Press Release)