Technical Scrutiny: The Goodyear Tire & Rubber Company (GT), Occidental Petroleum Corporation (OXY)

Could Today Be A Major Turning Point? – Energy Transfer Partners, LP (ETP), The Goodyear Tire & Rubber Company

The stock is down on the following periods of measurement of performance.

Cooper Tire & Rubber (NYSE:CTB) last released its quarterly earnings results on Friday, August 4th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business.

Tire volumes dropped 6 percent to 117.2 million for the first nine months and 5 percent to 39.8 million for the third quarter. When we divide the current volume by the three-month average volume, we get a relative volume of 3.51. Panagora Asset Management Inc. increased its stake in The Goodyear Tire & Rubber Co.by 41.2% in the first quarter. Wedge Capital Management L L P NC increased its stake in The Goodyear Tire & Rubber Co.by 48.3% in the second quarter. Revenue during the quarter was $3.69 billion, representing -5% growth from $3.88 billion in year-ago quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Cooper Tire & Rubber during the first quarter worth about $210,000. The quarterly performance for the stock is 3.57%, while the half-yearly performance is -7.07%. Marcato Capital Management Lp sold 195,000 shares as Goodyear Tire & Rubr Co (GT)'s stock declined 12.03%. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. After a recent check, The Goodyear Tire & Rubber Company (NASDAQ: GT) stock is found to be 1.57% volatile for the week, while 1.56% volatility is recorded for the month. Goodyear Tire & Rubber Co (NASDAQ:GT) has risen 17.26% since October 28, 2016 and is uptrending. The company's 50-day moving average is $36.12 and its 200 day moving average is $36.80.

The price target set for the General Electric Company (GE) is $27.80 and this sets up an interesting set of potential movement for the stock. Thrivent Financial For Lutherans has invested 0% in Cooper Tire & Rubber Co (NYSE:CTB). The company reported the earnings of $0.7/Share in the last quarter where the estimated EPS by analysts was $0.7/share. The Goodyear Tire & Rubber had a return on equity of 18.94% and a net margin of 7.95%. The fund owned 51,800 shares of the company's stock after purchasing an additional 12,094 shares during the period.

The company estimates that the negative impact of the hurricanes on the USA consumer replacement industry overall was about 1 percent in the third quarter.

In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for The Goodyear Tire & Rubber Company as 3.92 Billion. The results of the trading session contributed to over 83,550,210 shares changing hands. Its up 0.03, from 1.11 in 2017Q1. The ex-dividend date of this dividend is Friday, October 28th. Cooper Tire & Rubber's dividend payout ratio (DPR) is now 11.67%.

GT has been the subject of a number of recent analyst reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. FBR & Co restated a "buy" rating and issued a $53.00 price objective on shares of Cooper Tire & Rubber in a report on Tuesday, September 5th. BidaskClub upgraded shares of The Goodyear Tire & Rubber from a "sell" rating to a "hold" rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG boosted their price target on shares of Cooper Tire & Rubber from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, August 7th. Moreover, Louisiana State Employees Retirement Systems has 0.03% invested in Goodyear Tire & Rubber Co (NASDAQ:GT). If you are viewing this piece on another website, it was illegally stolen and reposted in violation of USA & global copyright legislation.

Cooper Tire & Rubber Company is a manufacturer and marketer of replacement tires. The Americas segment develops, makes, distributes and sells tires and related services and products in North, Central and South America, and sells tires to various export markets.

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