Shares of The Goodyear Tire & Rubber Company (GT) Sees Large Outflow of Money

The Goodyear Tire & Rubber Company (GT) : The value of composite uptick trades was $7.6 million, whereas, the value of composite downtick trades was $12.99 million. The uptick to downtick ratio stood at 0.58 with a negative money flow of ($5.4) Million during Mondays trading session. The block trades money flow was negative ($5.26 million).The uptick to the downtick ratio of 0.13 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.8 million. The transaction of the trades on downticks amounted to $6.05 million, which confirms investors selling on the strength of price. The Goodyear Tire & Rubber Company (GT) gained 14 cents at $29.44, an increase of 0.48% over the previous days close.


Shares of The Goodyear Tire & Rubber Company rose by 4.66% in the last five trading days and 11.28% for the last 4 weeks. The Goodyear Tire & Rubber Company is up 7.08% in the last 3-month period. Year-to-Date the stock performance stands at -9.24%.

The Goodyear Tire & Rubber Company (NASDAQ:GT): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.23 and $29.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.44, notching a gain of 0.48% for the day. The total traded volume was 2,499,559 . The stock had closed at $29.30 on the previous day.

In a related news, 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.

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.

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