Goodyear Tire & Rubber Stock Falls On Unusually High Volume (GT)
Goodyear Tire & Rubber (NYSE:GT) is trading at unusually high volume Tuesday with 21.5 million shares changing hands. It is currently at four times its average daily volume and trading down $1.32 (-8.6%).
NEW YORK ( TheStreet) -- Goodyear Tire & Rubber (NYSE: GT) is trading at unusually high volume Tuesday with 21.5 million shares changing hands. It is currently at four times its average daily volume and trading down $1.32 (-8.6%) at $13.96 as of 3:45 p.m. ET. Goodyear Tire & Rubber has a market cap of $3.7 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.8% year to date as of the close of trading on Monday. The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires, and related products and services to consumer and commercial customers worldwide. The company has a P/E ratio of 32.9, below the average consumer non-durables industry P/E ratio of 33.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Goodyear Tire & Rubber as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, generally poor debt management and poor profit margins. You can view the full Goodyear Tire & Rubber Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.