Goodyear Tire & Rubber (GT, Financial) experienced a significant stock price increase of 5.05%, reaching $10.61 per share with a trading volume of 2.528 million shares. The stock showed a turnover rate of 0.89% and an amplitude of 4.16%. Recent financial reports indicate Goodyear generated $4.824 billion in revenue but reported a net loss of $34 million, translating to an earnings per share (EPS) of -$0.12. The company’s gross profit stood at $943 million, with a price-to-earnings (P/E) ratio of -10.16.
In terms of institutional ratings, out of nine participating institutions, 33% recommended buying the stock, while 67% suggested holding. Notably, no institutions advised selling the stock.
The broader automotive parts industry, where Goodyear operates, saw an overall decline of 0.61%. However, some related stocks like Mkdwell Tech Inc C/Wts, Hesai, and Hyzon Motors Inc C/Wts experienced significant gains. Hesai, Luminar Technologies, Inc., and Dana were particularly active, with turnover rates of 5.86%, 2.07%, and 1.45%, respectively. Stocks with notable amplitude included Mkdwell Tech Inc C/Wts, Ecarx Holdings Inc C/Wts, and Innoviz Technologies Ltd C/Wts, with amplitudes of 87.50%, 42.57%, and 39.01% respectively.
Goodyear Tire & Rubber is known for manufacturing and selling a variety of rubber tires used in vehicles such as cars, trucks, buses, airplanes, and industrial equipment. The company operates through three regional business units: the Americas; Europe, Middle East, and Africa (EMEA); and the Asia Pacific region.
