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Stock Jumping Abnormally High: The Goodyear Tire & Rubber Company (GT)

09 April 2018

One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company's stock. The company has market cap of $6.03 billion. The stock decreased 0.04% or $0.01 during the last trading session, reaching $22.62. These shares are worth $240,900 and were traded at $32.12 each. (NASDAQ:FPRX) has declined 52.34% since April 7, 2017 and is downtrending. It has outperformed by 25.88% the S&P500. The company's quarterly revenue was up 8.8% compared to the same quarter last year. equities analysts anticipate that Goodyear Tire and Rubber will post 3.57 earnings per share for the current fiscal year. Burney Co bought 10,675 shares as the company's stock declined 18.63% with the market. LSV Asset Management now owns 10,690,364 shares of the company's stock valued at $345,405,000 after acquiring an additional 47,711 shares in the last quarter. Burney Co who had been investing in Goodyear Tire & Rubr Co for a number of months, seems to be bullish on the $6.45 billion market cap company.

Shares of Goodyear Tire and Rubber stock opened at $26.81 on Friday. GT has 4.59M volume or 49.60% up from normal.

Goodyear Tire and Rubber (NASDAQ:GT) last released its quarterly earnings results on Thursday, February 8th. GT underperformed the S&P500 by 37.28%.

Investors of record on Tuesday, November 1st will be given a dividend of $0.10 per share. Its down 0.06, from 0.83 in 2017Q3. By selling 433,432 shares Seatown Holdings made the stock sank with 18.63%. In a transaction dated October 02, 2017, the shares were put up for sale at an average price of $33.26, raking in a sum of $249,450. Intrust Bancorp Na reported 9,358 shares. The insider now directly owns 75,713 shares worth $2,063,179. Icm Asset Mngmt Wa holds 0.82% or 23,615 shares. Wendell David has 1.82% invested in Microsoft Corporation (NASDAQ:MSFT). Natixis reported 2,300 shares. Findlay Park Partners Ltd Liability Partnership has invested 5.9% in Microsoft Corporation (NASDAQ:MSFT). Texas Permanent School Fund owns 67,246 shares or 0.03% of their USA portfolio. After $0.47 actual EPS reported by Discovery Communications, Inc. for the previous quarter, Wall Street now forecasts -8.51% negative EPS growth. Stonebridge Cap Mgmt Inc has invested 3.3% in Microsoft Corporation (NASDAQ:MSFT).

Awm Investment Company Inc, which manages about $1.06 billion and $515.30M US Long portfolio, decreased its stake in Aratana Therapeutics Inc. For a total of 111,000 shares it increased its holding in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 90,000 shares in the quarter, and has risen its stake in Tal Ed Group (NYSE:XRS). Its down 7.58% from 3.59 million shares previously. (NYSE:C), 20 have Buy rating, 3 Sell and 17 Hold. Therefore 58% are positive. Microsoft Corporation had 170 analyst reports since July 22, 2015 according to SRatingsIntel.

The stock is now showing YTD performance of -14.14 Percent. In Wednesday, November 1 report Guggenheim downgraded the stock to "Neutral" rating. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Sunday, August 13 report. The company was maintained on Tuesday, June 13 by Jefferies. The firm earned "Hold" rating on Monday, January 8 by Guggenheim. On Friday, February 2 the stock rating was maintained by Morgan Stanley with "Overweight". (NASDAQ:FPRX) has "Buy" rating given on Tuesday, October 25 by Citigroup. (NASDAQ:DISCA) on Tuesday, April 26 to "Underperform" rating.

Investors sentiment decreased to 0.75 in 2017 Q4. Beta for Net Element, Inc. stands at 0.86 while its ATR (average true range) is 1.21. It increased, as 21 investors sold FPRX shares while 29 reduced holdings. 40 funds opened positions while 112 raised stakes. Fmr Ltd accumulated 4.34 million shares. Boothbay Fund Mngmt Limited Liability Corp holds 0.08% or 17,100 shs. Bokf Na holds 0.09% in The Goodyear Tire & Rubber Company (NASDAQ:GT) or 100,353 shs. Barclays Public Lc reported 1.47M shares. Burney Company reported 53,733 shares. Korea Inv Corp accumulated 0.03% or 199,100 shares. Ls Invest Ltd Liability Corp invested in 0.02% or 12,339 shares. Oakworth Capital holds 0.01% or 1,010 shares in its portfolio. Quantbot Limited Partnership invested in 0.02% or 5,605 shares. (NASDAQ:GT) traded down 1.45% during mid-day trading on Wednesday, hitting $30.69. Longbow Research initiated coverage on shares of Goodyear Tire and Rubber in a report on Wednesday, January 31st. Arizona State Retirement holds 0.04% or 126,851 shs. IPG Investment Advisors LLC increased its stake in Goodyear Tire and Rubber by 4.3% in the 4th quarter. Advisors Ltd Liability Corp owns 139,592 shares or 0.36% of their U.S. portfolio. Zacks Investment Research raised Goodyear Tire and Rubber from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Monday, January 29th. Therefore 54% are positive.

GT has been the topic of several analyst reports. In Monday, October 30 report JP Morgan maintained the stock with "Overweight" rating. The company was maintained on Thursday, October 12 by Jefferies. The firm has "Buy" rating by Jefferies given on Tuesday, December 19. The Goodyear Tire & Rubber Company has 52-Week high of $36.88 and 52-Week Low of $27.19. Deutsche Bank downgraded The Goodyear Tire & Rubber Company (NASDAQ:GT) on Friday, July 28 to "Hold" rating. (NASDAQ:DISCA) rating on Wednesday, February 28. The fund operates about $1.06B US Long portfolio.

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Stock Jumping Abnormally High: The Goodyear Tire & Rubber Company (GT)