Anticipated tyre launch sends Goodyear stock price higher

Rubber & Plastics News

Akron, Ohio-The price of a share of Goodyear stock closed 21 Jan above $10 for the first time in more than a year following an analyst’s upgrade pending the anticipated launch of a new tyre line in February.

Goodyear’s stock hit $10.74, up from $9.51 Jan. 20, after Saul Ludwig of McDonald Investments Inc. in Cleveland upgraded his evaluation of Goodyear to “hold” from “underweight.” In his report, Ludwig said he made the adjustment because of recent positive indicators that have pushed…

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