The Goodyear Tire & Rubber Company (GT) News

The Goodyear Tire & Rubber Company (GT): $11.46

-0.19 (-1.63%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: Auto Parts


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GT News Highlights

  • For GT, its 30 day story count is now at 31.
  • Over the past 27 days, the trend for GT's stories per day has been choppy and unclear. It has oscillated between 1 and 11.
  • The most mentioned tickers in articles about GT are EM, ALT and SRC.

Latest GT News From Around the Web

Below are the latest news stories about GOODYEAR TIRE & RUBBER CO that investors may wish to consider to help them evaluate GT as an investment opportunity.

The Goodyear Tire: An Icon In Trouble

Goodyear Tire & Rubber Co. (GT) is an iconic American company facing short-term headwinds due to weakness in the replacement market. Consumers have started pulling back on their discretionary spending, which may pressure the company's sales, profit margins, and cash flows in the coming quarters. The company trades at a cheap valuation, and its high debt load may be the primary reason behind it. It may be best for investors to wait for a pullback in the share price to below $10. Investors should not chase this market rally pushing up high-beta stocks such as Goodyear.

Watch growth in sales volumes

The company issued a Prasanna Rajagopal on Seeking Alpha | February 2, 2023

The 7 Most Undervalued Stocks to Buy in February 2023

February's undervalued stocks span the gamut of industry and have substantial upside that can provide quick returns.

Alex Sirois on InvestorPlace | February 2, 2023

The Goodyear Tire: An Icon In Trouble (NASDAQ:GT)

Goodyear Tire & Rubber is an iconic American company facing short-term headwinds. See why an investment in GT stock should be considered speculative.

Seeking Alpha | February 2, 2023

Are Investors Eager To Sell Holdings In The Goodyear Tire & Rubber Company (NASDAQ: GT)?

The Goodyear Tire & Rubber Company (NASDAQ:GT) price closed higher on Tuesday, January 31, jumping 5.34% above its previous close. A look at the daily price movement shows that the last close reads $10.68, with intraday deals fluctuated between $10.66 and $11.27. The company’s 5Y monthly beta was ticking 1.86 while its P/E ratio in … Are Investors Eager To Sell Holdings In The Goodyear Tire & Rubber Company (NASDAQ: GT)? Read More »

Stocks Register | February 1, 2023

Goodyear Plummets on Hinting Dismal Q4; Cutting 5% Jobs

Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) are plummeting today after the company announced a slew of cost-saving measures amid a cha…

TipRanks | January 27, 2023

Goodyear Tire falls after warnings on weak Q4, slashing 500 salaried jobs

Goodyear Tire & Rubber Company (GT) turned lower in early trading on Friday after the company announced cost savings actions. Read more.

Seeking Alpha | January 27, 2023

Goodyear Tire & Rubber Announces Cost Savings Actions; Q4 Results Fell Short Of Its Expectations

AKRON (dpa-AFX) - The Goodyear Tire & Rubber Company (GT) announced rationalization and workforce reorganization which would result in an approximately 5% reduction in salaried staff globally, or …

Finanz Nachrichten | January 27, 2023

Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall

The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts.

Yahoo | January 27, 2023

Goodyear to lay off workers in response to weak sales, inflation

Last fall, Goodyear said it would close its Melksham, United Kingdom, manufacturing facility and exit its TrenTyre retail operations in South Africa.

Yahoo | January 27, 2023

Goodyear Tire Says Q4 Results Fell Short Of Its Expectations; Plans Job Cuts

Goodyear Tire & Rubber Co (NASDAQ: GT) said it is taking cost savings actions citing the challenging industry environment and cost pressure driven by inflation. The company expects the planned rationalization and workforce reorganization to result in an approximately 5% reduction in salaried staff globally or about 500 positions. The company expects the reorganization to be completed during the first and second quarters. These actions are in addition to cost synergies related to the integration

Yahoo | January 27, 2023


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