Goodyear Tire & Rubber Co (GT) Stock Soars 24.96%

Goodyear Tire & Rubber Co (GT) Stock Soars 24.96% over the last 12 months. This significant growth has caught the attention of Wall Street analysts, who have given it a Buy rating. Investors   and observer’s proprietary ranking system has also assigned GT stock a score of 29 out of 100, indicating positive market sentiment.

The remarkable rise of Goodyear Tire & Rubber Co (GT) Stock Soars 24.96% which is truly impressive news.

The ranking takes into account both short-term and long-term technical scores, with GT receiving a score of 27 for the short term and 49 for the long term. Notably, while the S&P 500 has seen a slight decline of -0.26% as of Thursday, May 11, 12:26 PM.

Goodyear Tire & Rubber Company’s stock has surged by 20.01%. It has gained $2.34 from its previous closing price of $11.72, with a substantial trading volume of 22,710,592 shares.

Comparatively, over the past year, the S&P 500 has risen by 4.87%, while GT has outperformed with its remarkable growth rate of 24.96%. In terms of earnings, GT earned $0.01 per share in the last 12 months, resulting in a price-to-earnings ratio of 1025.22.

Conclusion –

These recent developments underscore Goodyear Tire & Rubber Co’s (GT) strong position within the stock market. The company’s impressive growth, along with positive analyst ratings, solidifies its credibility and establishes it as an important player in the market.

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