In 1971 J. Standard Baker Quoted " Drivers Towing Trailers  Are Four (4) Times As Unsafe As Those In Cars Alone! 

Did The Goodyear Tire & Rubber Company (GT) Catch A Cold, Flu Or Worse?By
Ulysses Smith
March 4, 2019

Wall Street analysts will be watching closely when The Goodyear Tire & Rubber Company (NASDAQ:GT) reports its quarterly earnings next, which is scheduled for Wed 24 Apr (In 52 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.07 per share. In the preceding quarter, the company reportedly generated EPS of $0.51 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 8.10%, a profit margin of 4.50% and a gross margin of 22.70%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of The Goodyear Tire & Rubber Company (NASDAQ:GT). Most recently, on February 11th, 2019, Longbow Downgrade a Underperform rating. Before that, on February 11th, 2019, Argus Downgrade to Hold. Wolfe Research Initiated a Outperform rating on October 2nd, 2018, Berenberg Downgrade an Hold rating on August 31st, 2018, and Morgan Stanley Downgrade a Equal-Weight rating on August 13th, 2018.

At its current price point, combined with the fact that this company has 232.32M shares outstanding, the current market capitalization sits at 4.59B. In the last trading day, 2,688,941 shares of The Goodyear Tire & Rubber Company were traded, which compares to its usual volume of about 5.45M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.40 in the past five trading days, resulting in a percentage change of +2.07% and a moving average of 19.84. In the past 20 days, its price changed by -$1.44 (which is -6.80%) and the stock’s moving average was 19.62. Looking back a full 50 days, shares of GT changed by -$0.82 (which is -3.99%) and demonstrated a moving average of 20.18.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 68.46%, a 14-day Stochastic %K score of 71.82% and a 20-day Stochastic %K score of 53.79%. Using a similar metric, The Goodyear Tire & Rubber Company (GT) shares showed a Stochastic %D of 72.60% over the past 9 days, a Stochastic %D score of 65.85% over the last 14 days, and a 20-day Stochastic %D of 54.99%. Meanwhile, this stock’s MACD Oscillator was 0.21 over the past 9 days, 0.55 over the past two weeks, and 0.15 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $19.75 level. Over the past 12 months, this stock has experienced a high price of $29.19 and a low of $17.88. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from The Goodyear Tire & Rubber Company (NASDAQ:GT) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 24,419,223 shares of the company’s stock following the addition of 141,277 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.48% stake in The Goodyear Tire & Rubber Company (GT)’s shares.

Just in the most recent trading day, The Goodyear Tire & Rubber Company (NASDAQ:GT) experienced a high price of $20.09 and low point of $19.69. At the end of the last trading session, this stock was at 19.75 per share, following a gain of $0.07, or -0.15% during the full day.

Ammons Law Firm Wins Unprecedented $33 Million Verdict Against Goodyear Tire Company

Crash Led to Death of Texas Community Leader

News provided by

Ammons Law Firm

Feb 25, 2019, 11:37 ET

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CORPUS CHRISTI, Texas, Feb. 25, 2019 /PRNewswire/ -- A de-treading defective Goodyear tire resulted in a head-on collision that led to the death of beloved community leader Ramiro Munoz in 2013.  On Friday evening, a jury handed down a record-breaking $33 million verdict holding Goodyear Tire & Rubber Company directly responsible for its lax approach to safety and manufacturing that resulted in the fatal wreck.

"The Danville Virginia Goodyear manufacturing plant is notorious for putting rapid production before workplace safety and quality control," says Ammons Law Firm trial attorney John Gsanger.  "The tire that de-treaded, causing a cement truck to lose control and crash into Ramiro Munoz, was manufactured at the Danville plant.  In our analysis, we found the failed tire's problems were numerous and included adhesion defects and off-center, wrong-sized steel belts.  Tread separation and the loss of vehicular control is the result of shoddy manufacturing."  Gsanger joined with co-counsel Blake Brunkenhoefer and Judge Frank Ponce in expressing hope this verdict will send a message to Goodyear and other tire manufacturers that product safety should always be more important than profits.

Ramiro Munoz was a teacher, community leader and City Manager of Carrizo Springs, Texas before he died in the tragic accident. He is survived by two children, Ramiro and Amanda, and his wife, Elvia. 

The Ammons Law Firm has a nationwide personal injury practice focusing on tire defects, truck accidents, rollovers, consumer protection and product liability, catastrophic injury, wrongful death, post-collision fires, seat belt defects, air bag defects and plant explosions.

www.ammonslaw.com

SOURCE Ammons Law Firm

Related Linkshttp://www.ammonslaw.com

Judge awards $33M verdict for fatal crash caused by Goodyear tire made in Danville

by Rachel LanglitzTuesday, February 26th 2019


CORPUS CRISTI, Tx. (WSET) -- Tires that were manufactured at the Goodyear Tire Plant in Danville caused a fatal crash in Texas, a judge has ruled.

In a $33 million verdict, a judge decided Goodyear Tire & Rubber Co. responsible for the 2013 crash involving a cement truck with a blown-out tire.

According to PR Newswire, Ramiro Munoz was killed. Munoz was the City Manager of Carrizo Springs, Texas.

The Caller Times reports when the tire on the cement truck failed, the entire truck rolled over and onto Munoz' vehicle.

The Goodyear G286A Super Single Tire was made in 2009 at the Danville plant, according to Gsanger.

"The Danville Virginia Goodyear manufacturing plant is notorious for putting rapid production before workplace safety and quality control," says Ammons Law Firm trial attorney John Gsanger. "The tire that de-treaded, causing a cement truck to lose control and crash into Ramiro Munoz, was manufactured at the Danville plant."


Gsanger says when they analyzed the tire it had a number of defects.

"Tread separation and the loss of vehicular control is the result of shoddy manufacturing," he said.

During the trial in Texas, five employees at the Danville plant testified as plaintiffs' witnesses, according to Tire Business.

While on the stand those employees claimed the tire was manufactured in less-than-ideal conditions. That included water contamination, inadequate inspection and using old rubber.

Ground Breaking Goodyear Tire Found 90% Responsible for this defective tire.....Note: We know more of different models......of defective tires..... They are trying to destroy and shut us up.

Judge Phone Number 3168159161

6268555523

Lawyer 8442747457


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