The Goodyear Tire & Rubber Company (NASDAQ:GT) has dropped 1.66% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 6.41% in the last 4 weeks. The counter has underperformed the S&P 500 by 0.98% during the past week but The Goodyear Tire & Rubber Company (NASDAQ:GT) has outperformed the index in 4 weeks by 7.59%.
The company shares have rallied 16.69% from its one year high price. On June 1, 2015 The shares registered one year high of US$32.74 and one year low was seen on October 15, 2014 at US$18.87. The 50-day moving average is US$29.84 and the 200 day moving avarge is recorded at US$27.41. S&P 500 has rallied 7.25% during the last 52-weeks. 0.25% of the shares are held by the company Insiders, 84% of the shares are held by the institutions. Company shares has an average 3 month share volume of 3,575,950 and an average 10 day volume is recorded to be 5,139,760
For the current week, the company shares have a recommendation consensus of Buy. Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) ended Friday session in red amid volatile trading. The shares closed down 0.07 points or 0.22% at US$31.315 with 5,252,542 shares getting traded. Post opening the session at US$31.38, the shares hit an intraday low of US$31.01 and an intraday high of US$31.49 and the price vacillated in this range throughout the day. The company has a market cap of US$8,448 million and the number of outstanding shares has been calculated to be 269,764,000 shares. The 52-week high of The Goodyear Tire & Rubber Company (NASDAQ:GT) is US$32.74 and the 52-week low is US$18.87.
The Goodyear Tire & Rubber Company is a manufacturer of tyres. The Company, together with subsidiaries and joint ventures, develops, manufactures, markets and distributes tyres for a range of applications. The Company also manufactures and markets rubber-related chemicals for various applications. The Company is an operator of commercial truck service and tyre retreading centers. The Company operates approximately 1,300 tyre and auto service center outlets where it offered its products for retail sale and provided automotive repair and other services. The Company manufactures its products in 52 manufacturing facilities in 22 countries, including the United States. It operates through four operating segments representing its regional tyre businesses: North American Tire; Europe, Middle East and Africa Tire (EMEA); Latin American Tire, and Asia Pacific Tire.- Newswatchinternational.com