The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Goodyear Tire & Rubber Co. shares valued at $252,206 were purchased by MCGLADE JOHN E on Aug 13 ’24. At $8.03 per share, MCGLADE JOHN E acquired 31,408 shares. The insider’s holdings grew to 31,408 shares worth approximately $0.26 million following the completion of this transaction.
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Also, KOELLNER LAURETTE T purchased 26,000 shares, netting a total of over 205,400 in proceeds. Following the buying of shares at $7.90 each, the insider now holds 26,000 shares.
Before that, Phillips David Emmitt had sold 77,009 shares from its account. In a trade valued at $607,601, the Sr VP and General Counsel traded Goodyear Tire & Rubber Co. shares for $7.89 each. Upon closing the transaction, the insider’s holdings decreased to 77,009 shares, worth approximately $0.0.
As published in a research note from Wolfe Research on September 05, 2024, Goodyear Tire & Rubber Co. [GT] has been rated down from an Outperform to a Peer perform. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid June. As of December 04, 2023, HSBC Securities has initiated its “Buy” rating for GT. Earlier on November 16, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for GT stock which previously was a “a Hold”.
Analyzing GT Stock Performance
During the last five days, there has been a drop of approximately -0.84%. Over the course of the year, Goodyear Tire & Rubber Co. shares have dropped approximately -41.97%. Nevertheless, trading volume fell to 5.86 million shares from 6.0 million shares the previous day.
Support And Resistance Levels for Goodyear Tire & Rubber Co. (GT)
RSI (Relative Strength Index) is 47.81 on the 14-day chart, showing neutral technical sentiment.
