On 11/5/24, Goodyear Tire & Rubber Co (NASDAQ: GT) stock enjoyed a major increase of 13.7%, closing at $9.23. Moreover, exceptionally high trading volume at 293% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 8.2% during the last week.
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 (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Goodyear Tire & Rubber has a very high Appreciation Score of 92 but a very low Power Rating of 3, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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