Goodyear Tire & Rubber Stock (NASDAQ: GT)

Goodyear Tire & Rubber Stock (NASDAQ:GT), Trade Ideas

Goodyear Tire & Rubber

Goodyear Tire & Rubber Company (The)

NYSE

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.

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General Motors is one of the company&#39;s working on a lunar vehicle that could help transport astronauts on the Moon in the future.

Elon Musk Wants Space Stations On Mars &amp; The Moon: Rival General Motors Could Build Lunar Vehicle That Carries The Astronauts

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The report highlights that EV tires wear out faster due to greater vehicle weight and higher torque. However, EV owners are often unaware of these performance differences.

EV Owners May Have Bigger Cool Factor, But Their Tires Are Literally Tiring Them Out More Than Gas Car Drivers

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Shares of  IPG Photonics Corporation (NASDAQ: IPGP) fell sharply during Tuesday’s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.

Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

The Goodyear Tire & Rubber Company - Common Stock

Goodyear Tire & Rubber Co

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Michelin Says Co Still Sees FY Adj. Free Cash Flow Above €1.5B

Those who follow the exploits of Elon Musk are likely familiar with the Tesla CEO&#8217;s other business ventures, <a href="https://www.benzinga.com/news/24/01/36705685/spacex-ceo-eyes-space-stations-on-mars-and-moon-before-even-one-succesful-starship-flight">including SpaceX</a>.
But for all the billionaire&#8217;s <a href="https://www.benzinga.com/news/23/10/35296752/elon-musks-plan-to-colonize-mars-faces-several-problems-including-cosmic-vandalism-of-life-that-alre">talk about colonizing Mars</a> and the moon, it&#8217;s a Tesla rival moving forward with plans to power lunar vehicles.
What Happened: NASA recently announced that three teams are developing a lunar terrain vehicle to take astronauts to the Moon. Among the companies working on a lunar vehicle are Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), the company that recently helped the U.S. land on the Moon for the first time since 1972.
One of the other teams developing a lunar vehicle is Lunar Outpost, a contractor partnering with General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Goodyear Tire (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) and MDA Space.
According to InsideEVs, the lunar terrain vehicle from the team could be powered by the Ultium technology used by GM for its electric vehicles like the Chevrolet Blazer EV, GMC Hummer EV and Cadillac Lyriq.
Other teams include companies like Intuitive Machines, Boeing, Michelin, Northrop Grumman, Axiom Space and Odyssey Space Research.
The teams will work on a yearlong study for the development of the vehicle, with a requirement including being able to be remotely controlled in case astronauts can't control the vehicle.
NASA will likely pick one winning team and work with them to develop the vehicle before it heads to the Moon.
"With a rich legacy supporting our nation's space program, General Motors is thrilled to support American astronauts once again as they embark on this important mission to the moon," a GM spokesperson was quoted saying <a href="https://www.autonews.com/mobility-report/gms-ev-batteries-move-closer-moon-landing">by </a>Automotive News.
Related Link: <a href="https://www.benzinga.com/news/24/02/37278219/elon-musk-celebrates-us-landing-on-the-moon-for-first-time-since-1972-congrats">Elon Musk Celebrates US &#8216;Landing On The Moon&#8217; For First Time Since 1972 &#8211; &#8216;Congrats&#8217;</a>
Why It's Important: The moon landing in early 2024 may have increased aspirations to get astronauts back to the lunar surface.
NASA wants to take astronauts to the Moon in 2026 and would like to have a new vehicle for them to help get around on the surface. Artemis I was deployed in November 2022 and is set to be followed with Artemis II as early as September 2025 and Artemis III as early as September 2026.
Musk has often feuded with billionaire and Amazon.com founder Jeff Bezos over the two <a href="https://www.benzinga.com/general/gaming/24/03/37568738/musk-puts-feud-with-bezos-aside-to-celebrate-amazon-primes-fallout-experience-at-sxsw">billionaire's space aspirations.</a>
If a vehicle made with General Motors electric vehicle technology ends up being selected as the winning lunar vehicle, it could lead to the rivalry between the two automotive companies also shifting over to space.
SpaceX has several contracts in place with NASA including for the Artemis project, which means that Musk's space company could someday transport a GM made vehicle to the Moon.
Read Next: <a href="https://www.benzinga.com/news/24/03/37860158/would-you-hop-on-a-train-to-the-moon-us-department-of-defense-wants-to-build-lunar-railroad">Would You Hop On A Train To The Moon? US Department Of Defense Wants To Build &#8216;Lunar Railroad&#8217;</a>
Image: Pixabay

Elon Musk Wants Space Stations On Mars & The Moon: Rival General Motors Could Build Lunar Vehicle That Carries The Astronauts

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Lunar Outpost teams with Lockheed Martin and Industry to develop a human-rated Moon rover as part of the agency's Artemis campaign

Contracts

Lunar Dawn Team Awarded NASA Lunar Terrain Vehicle Contract; Financial Terms Not Disclosed

A&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/02/36921584/rivian-beats-tesla-bmw-in-customer-satisfaction-elon-musks-ev-giant-slips-to-5th-position-survey" rel="noreferrer noopener">J.D. Power</a>&nbsp;report released on Monday revealed a widening satisfaction gap between electric vehicle (EV) and gas-powered vehicle owners regarding tires. This gap stems from EV owners experiencing faster tire wear despite having similar expectations for tire life.
The report highlights that EV tires wear out faster due to greater vehicle weight and higher torque. However, EV owners are often unaware of these performance differences.
&#8220;Because of the inherent conflict of maximizing vehicle range and optimizing tire wear for EVs, tire manufacturers, and automakers need to work together to overcome the challenge without completely sacrificing tire performance in other areas, especially as the&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/01/36550777/ev-stampede-coming-to-america-with-over-70-models-in-next-2-years-says-cox-automoti" rel="noreferrer noopener">EV market continues to increase</a>,&#8221; said&nbsp;Ashley Edgar, senior director of benchmarking and alternative mobility at J.D. Power.
Michelin &amp; Falken Lead In Tire Customer Satisfaction
The study, based on responses from 31,414 owners of 2022 and 2023 model-year vehicles, ranked Michelin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGDDF#OTC">MGDDF</a>) the highest in tire customer satisfaction for luxury, passenger car, and performance sports segments. Falken secured the top spot in the truck/utility segment. Notably, Michelin is the only tire company to perform above the segment average in the performance sports vehicle category.
Proactive Players
Goodyear&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) has been a leading force in the EV tire market. In 2022, they launched&nbsp;<a target="_blank" href="https://www.benzinga.com/news/22/09/28740326/goodyear-tire-ramping-up-presence-in-electric-vehicle-space-what-investors-should-know" rel="noreferrer noopener">the ElectricDrive tire</a>&nbsp;and expanded their ultra-high-performance tire offerings for EVs. These tires boast a 60,000-mile warranty, increased load capacity, and noise-reduction technology. Notably, the ElectricDrive tires now fit a wider range of EVs, including the Nissan Leaf, Kia Niro, and Chevrolet Bolt/Volt.
Even earlier, in 2021, Tesla <a href="https://www.benzinga.com/tech/21/12/24624586/teslas-newest-software-update-shows-when-tires-need-rotating" target="_blank" rel="noreferrer noopener">released a software update</a> to inform drivers about low or uneven tire treads and recommend tire rotations.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/03/37951785/youtuber-mkbhd-gives-thumbs-down-to-vinfast-vf8-as-it-has-a-shocking-amount-of-similarities-with-fis">YouTuber MKBHD Gives Thumbs Down To VinFast VF8 As It Has A &#8216;Shocking Amount Of Similarities&#8217; With Fisker Ocean: &#8216;But It&#8217;s Different&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Goodyear Tire &amp; Rubber's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GT#NYSE">GT</a>) short percent of float has risen 22.41% since its last report. The company recently reported that it has 13.97 million shares sold short, which is 6.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Goodyear Tire &amp; Rubber Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708367416_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Goodyear Tire &amp; Rubber has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Goodyear Tire &amp; Rubber's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Goodyear Tire &amp; Rubber's peer group average for short interest as a percentage of float is 8.20%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(GT) - Analyzing Goodyear Tire & Rubber's Short Interest

Shares of IPG Photonics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ipgp#NASDAQ">IPGP</a>) fell sharply during Tuesday&rsquo;s session after the company reported mixed fourth-quarter financial results and issued soft first-quarter guidance.
IPG Photonics posted GAAP earnings of 89 cents per share, versus market estimates of 95 cents per share. The company&rsquo;s quarterly sales came in at $298.90 million versus expectations of $286.12 million.
IPG Photonics shares dipped 11.2% to $92.06 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Ohmyhome Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omh#NASDAQ">OMH</a>) shares climbed 300% to $4.80.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) got a boost, surging 270% to $1.52.</li>
<li>Digital Brands Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbgi#NASDAQ">DBGI</a>) shares jumped 168% to $7.69. Digital Brands reaffirmed its 2024 guidance revenue of $27 million to $30 million and commited to no equity offerings for 2024.</li>
<li>ARB IOT Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbb#NASDAQ">ARBB</a>) climbed 101.8% to $3.0868 after gaining over 23% on Monday.</li>
<li>Beamr Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmr#NASDAQ">BMR</a>) gained 100.7% to $19.97. Beamr Imaging priced $12 million public offering of 1,714,200 ordinary shares at $7 per share.</li>
<li>Farmmi, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fami#NASDAQ">FAMI</a>) climbed 57.6% to $1.97 after surging around 10% on Monday.</li>
<li>Whole Earth Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/free#NASDAQ">FREE</a>) rose 35.3% to $4.75. Whole Earth Brands signed a definitive agreement to be acquired by affiliates of Sababa Holdings FREE, LLC for $4.875 per share in an all-cash transaction.</li>
<li>VCI Global Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vcig#NASDAQ">VCIG</a>) gained 27% to $1.35.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) climbed 25.4% to $9.82. JMP Securities analyst Jonathan Wolleben maintained Larimar Therapeutics with a Market Outperform and raised the price target from $17 to $25.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 22.4% to $10.17.</li>
<li>Tripadvisor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trip#NASDAQ">TRIP</a>) shares rose 18.5% to $26.50 after the company announced it formed a Special Committee of independent members of its board of directors to evaluate proposals.</li>
<li>LianBio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lian#NASDAQ">LIAN</a>) gained 17.8% to $4.76. LianBio completed strategic review and determined to initiate the wind down of its operations, including sale of remaining pipeline assets, delisting of ADSs and workforce reductions.</li>
<li>Verde Clean Fuels, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vgas#NASDAQ">VGAS</a>) gained 17.8% to $3.2997. Verde Clean Fuels, Inc. and Diamondback Energy subsidiary Cottonmouth Ventures LLC announced joint development agreement for a proposed natural gas-to-gasoline facility in Permian Basin.</li>
<li>JetBlue Airways Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jblu#NASDAQ">JBLU</a>) shares surged 13.5% to $6.89 after Carl Icahn disclosed a 9.91% stake in the company in a 13D filing on Monday.</li>
<li>JanOne Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jan#NASDAQ">JAN</a>) gained 13.3% to $0.7529.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdrx#NASDAQ">BDRX</a>) rose 12.4% to $1.6298. Bigger Capital Fund, reported a 9.9% stake in a 13G Filing on Monday.</li>
<li>Chanson International Holding (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chsn#NASDAQ">CHSN</a>) shares jumped 12.2% to $1.8843.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zi#NASDAQ">ZI</a>) rose 10.3% to $17.68 as the company reported stronger-than-expected fourth-quarter financial results.</li>
<li>Bruker Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brkr#NASDAQ">BRKR</a>) rose 9.9% to $77.60 following upbeat results.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares gained 9.6% to $1.37. Renalytix shares jumped around 228% on Monday after the company announced that, on Feb. 8, the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing.</li>
<li>WK Kellogg Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/klg#NYSE">KLG</a>) climbed 9.2% to $13.77 following strong sales.</li>
<li>Aspen Aerogels, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aspn#NYSE">ASPN</a>) climbed 8.8% to $13.49 following strong results.</li>
<li>DIH Holding US, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dhai#NASDAQ">DHAI</a>) shares gained 8.1% to $1.7301 after surging around 24% on Monday.</li>
<li>Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>) climbed 6.4% to $216.00 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted EPS guidance above estimates.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>BIOLASE, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biol#NASDAQ">BIOL</a>) dipped 67.4% to $0.1466 after the company announced pricing of $7 million public offering of 16 million units at a price of $0.44 per unit.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) shares fell 64.7% to $0.0671 after the company announced pricing of $10 million underwritten public offering.</li>
<li>Sientra, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sien#NASDAQ">SIEN</a>) declined 56.8% to $0.2520 after the company announced plans to pursue strategic sale of its business through voluntary Chapter 11 process.</li>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) shares declined 53.9% to $2.0650. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.</li>
<li>SSR Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssrm#NASDAQ">SSRM</a>) fell 53.7% to $4.4950. The company announced suspension of operations at the &Ccedil;&ouml;pler mine.</li>
<li>Polished.com Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pol#NYSE">POL</a>) shares dipped 49.5% to $2.4531. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.</li>
<li>2U, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/twou#NASDAQ">TWOU</a>) shares fell 39.1% to $0.5589 after the company reported worse-than-expected fourth-quarter financial results and issued 2024 revenue guidance below estimates.</li>
<li>Express, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/expr#NYSE">EXPR</a>) fell 39% to $2.2850.</li>
<li>Delta Apparel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dla#NYSE">DLA</a>) declined 37.8% to $4.2051 following first-quarter results.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) fell 32% to $11.14. B. Riley Securities analyst Jeff Lick downgraded Children&#39;s Place from Neutral to Sell and lowered the price target from $19 to $4.</li>
<li>Renovaro Biosciences Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/renb#NASDAQ">RENB</a>) fell 30% to $2.3301 after Hindenburg Research issued a report on the company and said it has taken a short position in the stock.</li>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) declined 27.1% to $0.1226.</li>
<li>Quantum FinTech Acquisition Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) fell 27% to $5.11.</li>
<li>Trinseo PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tse#NYSE">TSE</a>) fell 27% to $4.4750 following weak results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) declined 23% to $148.13 after the company reported fourth-quarter FY23 earnings below consensus.</li>
<li>Teradata Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdc#NYSE">TDC</a>) shares declined 22.9% to $37.61. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.</li>
<li>Avis Budget Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/car#NASDAQ">CAR</a>) fell 19.4% to $135.74 following weak sales.</li>
<li>Exscientia plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exai#NASDAQ">EXAI</a>) dipped 18.1% to $6.15.</li>
<li>Altimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alt#NASDAQ">ALT</a>) fell 16% to $8.73. Kerrisdale Capital issued a report on the company titled &quot;Altimmune, Inc. (ALT) Fat Chance.&quot;</li>
<li>Brighthouse Financial, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bhf#NASDAQ">BHF</a>) declined 14.5% to $45.72 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 14.4% to $127.57 after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.</li>
<li>Blackbaud, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blkb#NASDAQ">BLKB</a>) fell 14.1% to $71.06 following weak sales.</li>
<li>Millennium Group International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgih#NASDAQ">MGIH</a>) shares declined 13.8% to $2.6806. Millennium Group International shares jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) dipped 13.5% to $7.51.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) declined 13.3% to $3.6050.</li>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gt#NASDAQ">GT</a>) fell 13.2% to $11.84 following fourth-quarter results.</li>
<li>BranchOut Food Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bof#NASDAQ">BOF</a>) shares fell 12.6% to $2.16. BranchOut Food shares surged around 70% on Monday after the company announced it expanded its relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.</li>
<li>James Hardie Industries plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jhx#NYSE">JHX</a>) dipped 12.3% to $34.40 following third-quarter earnings.</li>
<li>Jayud Global Logistics Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jyd#NASDAQ">JYD</a>) shares fell 10% to $1.0346 after jumping 30% on Monday.</li>
<li>Herc Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hri#NYSE">HRI</a>) fell 9.4% to $140.15 following downbeat results.</li>
<li>V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) fell 8.8% to $15.90.</li>
<li>Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) fell 8.5% to $11.27.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) shares fell 6.3% to $263.14 after the company reported fourth-quarter financial results and issued guidance.</li>
<li>Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) shares fell 3.8% to $294.74 after the company reported fourth-quarter financial results and issued guidance.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37091789/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter"> Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a>

Why IPG Photonics Shares Are Trading Lower By Around 11%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

The Goodyear Tire & Rubber Company shares are trading lower after the company reported worse-than-expected Q4 revenue results and issued Q1 guidance.

U.S. stock futures were lower this morning, with the Nasdaq futures trading lower by around 100 points on Tuesday.
Shares of Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) shares fell in today&rsquo;s pre-market trading after the company reported fourth-quarter <a href="https://www.benzinga.com/news/earnings/24/02/37079750/arista-networks-stock-slides-on-q4-earnings-the-details">financial results and issued guidance</a>.
Arista said fourth-quarter revenue increased 20.8% year-over-year to $1.54 billion, which beat the consensus estimate of $1.53 billion, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported quarterly earnings of $2.08 per share, which beat analyst estimates of $1.70 per share.
Arista sees first-quarter revenue in the range of $1.52 billion to $1.56 billion versus estimates of $1.53 billion. The company expects first-quarter adjusted gross margins of approximately 62%.
Arista Networks shares declined 5.7% to $265.00 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>G1 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gthx#NASDAQ">GTHX</a>) shares dipped 37.5% to $2.80 in pre-market trading. G1 Therapeutics will continue Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following interim analysis by the independent Data Monitoring Committee.</li>
<li>Teradata Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdc#NYSE">TDC</a>) shares fell 14% to $41.95 in pre-market trading. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.</li>
<li>Lattice Semiconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lscc#NASDAQ">LSCC</a>) shares dipped 8.3% to $65.08 in pre-market trading after the company reported mixed fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) shares fell 6.7% to $286.00 in pre-market trading after the company reported fourth-quarter financial results and issued guidance.</li>
<li>NaaS Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/naas#NASDAQ">NAAS</a>) shares declined 5.4% to $1.59 in pre-market trading after falling 6% on Monday.</li>
<li>Gates Industrial Corporation plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtes#NYSE">GTES</a>) shares fell 4.7% to $12.20 in pre-market trading after announcing a secondary offering of 17,500,000 ordinary shares.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 4.6% to $142.18 in pre-market trading after jumping 29% on Monday. The company last week reported better-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance above estimates.</li>
<li>The Goodyear Tire &amp; Rubber Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gt#NASDAQ">GT</a>) fell 2.4% to $13.30 in pre-market trading following fourth-quarter results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37086354/teradata-coca-cola-and-3-stocks-to-watch-heading-into-tuesday"> Teradata, Coca-Cola And 3 Stocks To Watch Heading Into Tuesday </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Pre-Market Outlook

GTES

LSCC

NAAS

Arista Networks Reports Q4 Results, Joins Teradata, Lattice Semiconductor And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) shares increased by 7.1% to $0.55 during Monday's after-market session. The market value of their outstanding shares is at $38.6 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares increased by 4.98% to $0.41. The company's market cap stands at $1.5 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) stock rose 4.53% to $0.11. The market value of their outstanding shares is at $10.8 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) shares increased by 4.0% to $0.39. The company's market cap stands at $5.5 million. </li>
<li>Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) shares increased by 2.71% to $14.0. The company's market cap stands at $3.9 billion. As per the news, the Q4 earnings report came out today. </li>
<li>ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) shares rose 2.71% to $6.43. The market value of their outstanding shares is at $154.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPR#NYSE">EXPR</a>) shares fell 25.3% to $2.8 during Monday's after-market session. The market value of their outstanding shares is at $10.4 million. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) stock fell 18.32% to $0.75. The company's market cap stands at $61.5 million. As per the news, the Q4 earnings report came out today. </li>
<li>Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) stock declined by 9.61% to $6.12. The company's market cap stands at $42.8 million. The company's, Q1 earnings came out today. </li>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock decreased by 8.58% to $0.3. The market value of their outstanding shares is at $8.0 million. </li>
<li>Secoo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SECO#NASDAQ">SECO</a>) stock declined by 7.56% to $0.46. The company's market cap stands at $3.2 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock fell 5.99% to $0.22. The company's market cap stands at $7.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.