The Goodyear Tire & Rubber Company (GT) Dips 2.7% for August 18

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday August 18 was The Goodyear Tire & Rubber Company (GT). The stock experienced a 2.7% decline to $9.73 with 1.76 million shares changing hands.

The Goodyear Tire & Rubber Company started at an opening price of 10.00 and hit a high of $10.00 and a low of $9.69. Ultimately, the stock took a hit and finished the day at $0.27 per share. The Goodyear Tire & Rubber Company trades an average of n/a shares a day out of a total 233.01 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. The Goodyear Tire & Rubber Company hit a high of $17.21 and a low of $4.10 over the last year.

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.

With its headquarters located in Akron, OH, The Goodyear Tire & Rubber Company employs 63,000 people. After today’s trading, the company’s market cap has fallen to $2.27 billion, a P/S of n/a, a P/B of 0.8, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on The Goodyear Tire & Rubber Company and to follow the company’s latest updates, you can visit the company’s profile page here: GT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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