The Goodyear Tire & Rubber Companys in-depth stock price analysis indicates that the stock price has rallied 11.88% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 16.24% . Looking at the past 52 week period, the stock price is up at 13.57% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of The Goodyear Tire & Rubber Company has a negative value of -6.4 compared to overall market performance. The Goodyear Tire & Rubber Company (NASDAQ:GT) has climbed 5.21% in the past week and advanced 9.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.36% and the outperformance has advanced to 7.73% for the last 4 weeks period.
The Goodyear Tire & Rubber Company (NASDAQ:GT) : On Friday heightened volatility was witnessed in The Goodyear Tire & Rubber Company (NASDAQ:GT) which led to swings in the share price. The stock opened for trading at $33.3 and hit $33.77 on the upside , eventually ending the session at $33.72, with a gain of 1.44% or 0.48 points. The heightened volatility saw the trading volume jump to 3,790,911 shares. The 52-week high of the share price is $33.99 and the company has a market cap of $8,486 million. The 52-week low of the share price is at $24.306 .
Goodyear Tire & Rubber Co Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.87. The company had revenue of $3741.00 million for the quarter, compared to analysts expectations of $3874.37 million. The companys revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 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.
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 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)