Goodyear Tire & Rubber Co (NASDAQ: GT) stock closed at $9.84 on 8/1/24 after a major decline of -15.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 649% of normal. The stock has declined -17.9% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, GT is expected to continue to be an important Value Builder.
Goodyear Tire & Rubber has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Goodyear Tire & Rubber has a very high Appreciation Score of 86 but a poor Power Rating of 18, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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