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 $0.32 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 surge of approximately 0.80%. Over the course of the year, Goodyear Tire & Rubber Co shares have dropped approximately -29.68%. Shares of the company reached a 52-week high of $14.97 on 01/26/24 and a 52-week low of $7.27 on 09/11/24. A 50-day SMA is recorded $9.19, while a 200-day SMA reached $10.58. Nevertheless, trading volume fell to 2.45 million shares from 2.33 million shares the previous day.
Support And Resistance Levels for Goodyear Tire & Rubber Co (GT)
According to the 24-hour chart, there is a support level at 9.98, which, if violated, would cause prices to drop to 9.89. In the upper region, resistance lies at 10.21. The next price resistance is at 10.35. RSI (Relative Strength Index) is 54.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 57.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
