The Goodyear Tire & Rubber Company GT saw a big move last session, as the company's shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for GT, as the stock is now down about 9% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the tire company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
GT currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Cooper Tire & Rubber Co. CTB, Visteon Corporation VC and Magna International Inc. MGA. While Cooper Tire & Rubber and Visteon carry a Zacks Rank #1 (Strong Buy), Magna International sports a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
GOODYEAR TIRE GT: Free Stock Analysis Report
COOPER TIRE CTB: Free Stock Analysis Report
VISTEON CORP VC: Free Stock Analysis Report
MAGNA INTL CL A MGA: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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GT currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Cooper Tire & Rubber Co. CTB, Visteon Corporation VC and Magna International Inc. MGA. While Cooper Tire & Rubber and Visteon carry a Zacks Rank #1 (Strong Buy), Magna International sports a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
GOODYEAR TIRE GT: Free Stock Analysis Report
COOPER TIRE CTB: Free Stock Analysis Report
VISTEON CORP VC: Free Stock Analysis Report
MAGNA INTL CL A MGA: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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