Institutional Holdings and Trade Data for The Goodyear Tire & Rubber Company (GT)

In the past 52-week period, shares of The Goodyear Tire & Rubber Company (NASDAQ:GT) have moved within the range of $28.81 to $37.20. On the stock’s most recent trading day, the company’s shares ended the regular session at $33.59, which is 9.7% lower than its 52-week high.

The Goodyear Tire & Rubber Company (GT) has demonstrated a 20-day simple moving average (SMA) of 3.60%, and a 50-day SMA of 7.29%. This public company’s current market capitalization stands at $8.40 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Checking the amount of enthusiasm that Wall Street analysts hold for a particular stock is crucial when thinking about entering a position. According to the latest data, the consensus recommendation for The Goodyear Tire & Rubber Company (GT) is Outperform.

Public companies normally post earnings and revenue results that fall somewhat above or below the average Wall Street estimate. In the most recent quarterly financial report, for the quarter ending Sep. 2017, The Goodyear Tire & Rubber Company (GT) delivered a 0.00% surprise with its net revenue. Sales reached $3.92 billion during the three-month period, compared to the average analyst estimate of $3.92 billion.

Meanwhile, during the same quarter The Goodyear Tire & Rubber Company (GT) delivered a 3.89% earnings surprise. Net earnings for the quarter were posted at $0.70 per share, whereas Wall Street had forecast $0.67 per share.

Ownership at The Goodyear Tire & Rubber Company (GT), According to Most Recent SEC Filings

A publicly-traded organization’s latest 13F filings tell us important details about its institutional ownership. The Goodyear Tire & Rubber Company (GT) has 0 billion shares outstanding currently, 96.24% of which belong to institutional investors. Those institutional holdings amount to $7.94 billion.

Additionally, according to the most recent 13F filing from The Goodyear Tire & Rubber Company (GT), there were 44 new positions totaling 4,790,925 shares of the company’s stock. There were 61 sold out positions, on the other hand, totaling 4,058,675 shares.

Short, Medium and Long Term Indicators

Assessing the average trade volume of a public company’s stock in the short, medium and long term is helpful to gain an understanding of trading activity and investor sentiment. The Goodyear Tire & Rubber Company (GT) has had a 20-day average volume of 2,525,795 shares, with an average of 80% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 2,799,044 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 2,724,134 shares with 33% of long-term indicators pointing to Buy.