Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Weak trading on Goodyear Tire & Rubber

Published 10/30/2017, 11:47 AM
© Reuters.  Weak trading on Goodyear Tire & Rubber
GT
-
  • Goodyear Tire & Rubber (NYSE:GT) is down 2.61% after Cooper Tire & Rubber disappoints with Q3 earnings and the tire stock catches a downgrade from Citi.
  • Citi moves to a Neutral rating on Goodyear after having it lined up at Buy. The analyst team raises concerns that management isn't forecasting headwinds accurately.
  • Cooper's Q3 numbers threw a spotlight on the pain in the tire industry from higher raw materials costs.
  • Shares of Goodyear are down 16% from the 52-week high of $37.20 carved out in March.
  • Sources: Barron's and Bloomberg
  • Previously: Cooper Tire & Rubber EPS of $1.18 (Oct. 30)
  • Previously: Improved margins at Cooper Tire & Rubber in Q3 (Oct. 30)
  • Now read: Cigar Butt Portfolio Up More Than 15% YTD - Low EV/EBIT Large Cap Update


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.