The Goodyear Tire & Rubber Company (NASDAQ:GT) - Lookout for Relative Strength Index

Ivan Schwartz
September 13, 2017

It is down 75.26% since September 12, 2016 and is downtrending. Advisors Asset Management Inc.'s holdings in The Goodyear Tire & Rubber were worth $1,325,000 at the end of the most recent quarter.

ILLEGAL ACTIVITY WARNING: "The Goodyear Tire & Rubber Company (GT) Holdings Boosted by Principal Financial Group Inc." was reported by Week Herald and is the property of of Week Herald. The Moon Capital Management Lp holds 629,946 shares with $19.45 million value, up from 546,003 last quarter. Marcato Capital Management Lp sold 550,000 shares as Goodyear Tire & Rubr Co (GT)'s stock declined 12.03%. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Cooper Tire & Rubber has a 52-week low of $32.78 and a 52-week high of $44.50. It has outperformed by 115.91% the S&P500.

Investors sentiment increased to 1.14 in Q4 2016. This represents a $0.40 annualized dividend and a dividend yield of 1.20%. Neuburgh Advisers LLC bought a new stake in shares of Cooper Tire & Rubber during the 1st quarter worth about $136,000. 230.74 million shares or 2.50% less from 236.64 million shares in 2016Q3 were reported. Dupont owns 144,362 shares for 0.1% of their portfolio. CLSA initiated Goodyear Tire & Rubber Co (NASDAQ:GT) on Wednesday, June 21 with "Buy" rating. Jefferies upgraded Goodyear Tire & Rubber Co (NASDAQ:GT) on Tuesday, June 20 to "Buy" rating. Panagora Asset Mgmt holds 102,100 shares. Blb&B Llc has 0.39% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). Tetrem Mngmt reported 1.03M shares. The shares were sold at an average price of $35.46, for a total value of $221,625.00. Schwab Charles Inv Management holds 0.01% or 364,775 shares in its portfolio. Wealthtrust Fairport Ltd Limited Liability Company reported 31,341 shares or 0.12% of all its holdings. Tiaa Cref Investment Ltd Limited Liability Company has 0% invested in PHH Corporation (NYSE:PHH).

The Morgan Stanley analysts upgraded Goodyear's stock to their equivalent of buy in June. Mitsubishi Ufj Tru And Bk, Japan-based fund reported 88,714 shares.

In related news, insider Stephen R. Mcclellan sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, July 10th. Therefore 69% are positive. Analysts forecast that The Goodyear Tire & Rubber Company will post $3.04 EPS for the current fiscal year.

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GT has been the subject of a number of recent research reports. The firm earned "Hold" rating on Tuesday, August 1 by Goldman Sachs. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Similarly, the company's President, EMEA Kihn Jean Claude on 2017-08-15 Sell 289 shares of the company at a price of $30.32. Jefferies maintained the shares of PFE in report on Wednesday, August 16 with "Hold" rating. Standpoint Research initiated Cooper Tire & Rubber Co (NYSE:CTB) on Friday, May 27 with "Buy" rating. Evercore Trust Na reported 0.35% stake.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pinnacle West Cap Corp (NYSE:PNW) was reduced too. Therefore 89% are positive. LB Foster Co had 3 analyst reports since September 11, 2015 according to SRatingsIntel. ValuEngine cut The Goodyear Tire & Rubber from a "strong-buy" rating to a "buy" rating in a report on Friday, July 28th. Argus Research has "Buy" rating and $37 target. The stock is a Buy among 10 brokerage firms polled by Factset Research. Now trading with a market value of 7.94B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. The firm has "Outperform" rating given on Tuesday, September 13 by Raymond James. The firm earned "Overweight" rating on Monday, February 6 by CapitalOne. Levels above -20 may indicate the stock may be considered is overbought. Earnings per share serves as an indicator of a company's profitability. On Friday, April 28 the stock rating was maintained by BMO Capital Markets with "Hold". Its up 0.08, from 0.83 in 2016Q3. 50 funds opened positions while 121 raised stakes. Towle & accumulated 875,333 shares or 3.62% of the stock. Royal Bankshares Of Canada has 0% invested in Cempra Inc (NASDAQ:CEMP). Panagora Asset Mngmt has invested 0.02% in Teleflex Incorporated (NYSE:TFX). Cim Invest Mangement has 0.01% invested in Cempra Inc (NASDAQ:CEMP) for 10,896 shares. Gsa Cap Limited Liability Partnership invested in 0.01% or 8,037 shares. Maxim Group maintained Domino's Pizza, Inc. California State Teachers Retirement Sys accumulated 92,924 shares. Fmr Lc invested 0% of its portfolio in Cempra Inc (NASDAQ:CEMP). Hightower Limited Liability Com, Illinois-based fund reported 7,134 shares.

ZIOPHARM Oncology, Inc. (NASDAQ:ZIOP) exchanged hands 753,735 shares versus average trading capacity of 1.10M shares, while its relative trading volume is 0.69.

About 98,821 shares traded.

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