Goodyear Tire & Rubber Co /oh/ (GT) Files Form 4 Insider Buying : Michael J Morell Buys 875 Shares

Goodyear Tire & Rubber Co /oh/ (GT): Michael J Morell , director of Goodyear Tire & Rubber Co /oh/ purchased 875 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $27.99 per share for a total value of $24,491.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 7, 2016, Gregory L Smith (Sr VP, Global Operations) sold 21,635 shares at $32.00 per share price.On Feb 3, 2016, Richard J Kramer (Chairman of the Bd, CEO & Pres) sold 29,000 shares at $28.04 per share price.Also, On Dec 15, 2015, Daniel L Smytka (President, Asia-Pacific Region) sold 4,484 shares at $32.48 per share price.On Dec 10, 2015, Darren R Wells (President, EMEA) sold 30,914 shares at $33.61 per share price.

Shares of Goodyear Tire & Rubber Co (GT) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.7 points or -2.46% at $27.73 with 64,26,725 shares getting traded. Post opening the session at $28.15, the shares hit an intraday low of $27.5985 and an intraday high of $28.29 and the price vacillated in this range throughout the day. The company has a market cap of $7,375 M and the number of outstanding shares has been calculated to be 26,59,44,080 shares. The 52-week high of Goodyear Tire & Rubber Co is $35.3 and the 52-week low is $25.5.

Goodyear Tire & Rubber Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Goodyear Tire & Rubber Co is Upgraded by KeyBanc Capital Mkts to Overweight. Earlier the firm had a rating of Sector Weight on the company shares. The Rating was issued on Apr 7, 2016.Goodyear Tire & Rubber Co is Downgraded by Standpoint Research to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 30, 2016.Goodyear Tire & Rubber Co is Upgraded by Credit Agricole to Outperform. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Feb 10, 2016.

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company’s 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.

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