GT Stock Summary and Trading Ideas (Goodyear Tire & Rubber Company | NASDAQ:GT)

Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.

Goodyear Tire & Rubber Company trades on the NASDAQ stock market under the symbol GT.

As of April 22, 2024, GT stock price climbed to $11.89 with 2,473,686 million shares trading.

GT has a beta of 1.45, meaning it tends to be more sensitive to market movements. GT has a correlation of 0.14 to the broad based SPY ETF.

GT has a market cap of $3.38 billion. This is considered a Mid Cap stock.

Last quarter Goodyear Tire & Rubber Company reported $5 billion in Revenue and $.47 earnings per share. This fell short of revenue expectation by $-274 million and exceeded earnings estimates by $.11.

In the last 3 years, GT stock traded as high as $24.89 and as low as $9.66.

The top ETF exchange traded funds that GT belongs to (by Net Assets): VTI, IJH, VB, IWM, AVUV.

GT has underperformed the market in the last year with a price return of +9.2% while the SPY ETF gained +22.3%. GT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.9% and -8.2%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

GT support price is $11.61 and resistance is $12.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GT stock will trade within this expected range on the day.