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Are we looking at the next big move in Goodyear Tire & Rubber Co. (GT)?

Goodyear Tire & Rubber Co. (NASDAQ: GT) is -25.98% lower on its value in year-to-date trading and has touched a low of $10.78 and a high of $16.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GT stock was last observed hovering at around $10.86 in the last trading session, with the day’s loss setting it -0.26%.

Currently trading at $10.60, the stock is -6.62% and -11.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing -2.39% at the moment leaves the stock -17.19% off its SMA200. GT registered -22.46% loss for a year compared to 6-month loss of -21.42%.

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The stock witnessed a -13.11% gain in the last 1 month and extending the period to 3 months gives it a -19.27%, and is -4.33% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.05% over the week and 2.24% over the month.

Goodyear Tire & Rubber Co. (GT) has around 71000 employees, a market worth around $3.02B and $19.66B in sales. Fwd P/E is 5.76. Profit margin for the company is -3.28%. Distance from 52-week low is -1.67% and -35.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.98%).

The EPS is expected to grow by 483.50% this year.

Goodyear Tire & Rubber Co. (GT) Top Institutional Holders

The shares outstanding are 283.79M, and float is at 282.55M with Short Float at 5.64%.

Goodyear Tire & Rubber Co. (GT) Insider Activity

The most recent transaction is an insider sale by WELLS DARREN R,the company’sEVP & Chief Admin. Officer. SEC filings show that WELLS DARREN R sold 8,509 shares of the company’s common stock on Feb 28 ’24 at a price of $11.82 per share for a total of $0.1 million. Following the sale, the insider now owns 0.15 million shares.

Goodyear Tire & Rubber Co. disclosed in a document filed with the SEC on Feb 27 ’24 that WELLS DARREN R (EVP & Chief Admin. Officer) sold a total of 237 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $12.01 per share for $2845.0. Following the transaction, the insider now directly holds 0.15 million shares of the GT stock.

Still, SEC filings show that on Feb 20 ’24, WELLS DARREN R (EVP & Chief Admin. Officer) disposed off 10,574 shares at an average price of $12.39 for $0.13 million. The insider now directly holds 122,158 shares of Goodyear Tire & Rubber Co. (GT).

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