Goodyear Tire (GT) in Focus: Stock Tumbles 7.7% - Tale of the Tape

By Zacks Equity Research,

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The Goodyear Tire & Rubber Company ( GT ) saw a big move last session, as the company's shares fell about 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 nearly 4% in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the company which is a manufacturer and distributor if tires and related products and services, 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 CNH Industrial N.V. ( CNHI ), Magna International Inc. ( MGA ) and Commercial Vehicle Group Inc. ( CVGI ). All these stocks hold a Zacks Rank #1 (Strong Buy).

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CNH INDUSTRIAL (CNHI): Free Stock Analysis Report

COMML VEHICLE (CVGI): Free Stock Analysis Report

GOODYEAR TIRE (GT): Free Stock Analysis Report

MAGNA INTL CL A (MGA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CNHI , CVGI , GT , MGA

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