Large Outflow of Money Witnessed in The Goodyear Tire & Rubber Company

The Goodyear Tire & Rubber Company (GT) : The total money flow in The Goodyear Tire & Rubber Company (GT) was negative ($10.57 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $19.17 million. Transactions on upticks were comparatively lower at $8.59 million. The uptick to downtick ratio was 0.45. The total block trades done on upticks were valued at $0.65 million. The total block trades on downticks were valued at $11.72 million. The uptick to the downtick ratio of block trades was 0.06. The money flow during block trades was negative ($11.07 million) when the stock traded with a gain of $13 cent. The Goodyear Tire & Rubber Company (GT) was $26.66, an increase of 0.49% over the previous days close.

The

The company Insiders own 1.2% of The Goodyear Tire & Rubber Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 45.46% . Institutional Investors own 91.9% of The Goodyear Tire & Rubber Company shares. During last six month period, the net percent change held by insiders has seen a change of -9.67%. In an insider trading activity, Morell Michael J, director of Goodyear Tire & Rubber Co /Oh/, executed a transaction worth $24,491 on May 5, 2016. A total of 875 shares were purchased at an average price of $27.99. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of The Goodyear Tire & Rubber Company appreciated by 8.74% during the last five trading days but lost 1.13% on a 4-week basis. The Goodyear Tire & Rubber Company has dropped 12.99% during the last 3-month period . Year-to-Date the stock performance stands at -16.62%.

The Goodyear Tire & Rubber Company (NASDAQ:GT): stock turned positive on Tuesday. Though the stock opened at $26.94, the bulls momentum made the stock top out at $27.605 level for the day. The stock recorded a low of $26.9 and closed the trading day at $27.11, in the green by 1.69%. The total traded volume for the day was 4,518,790. The stock had closed at $26.66 in the previous days trading.

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

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.