London – Stock prices of major tire makers have remained weak over the recent weeks, following sharp declines earlier in March, due to the Covid-19 global pandemic.
While Cooper Tire share prices posted a 27% increase over the five weeks to 22 May, stock prices of other major tire makers registered relatively small gains or declines during the period.
In April, shares of tire manufacturers saw a slight recovery from the lows of March. The uptrend was halted in May, as stock values remained on a par with the prior-month levels.
Bridgestone (Tokyo) Yen3.281 (17 April) to Yen3.257 (22 May)
Cooper Tire (NYSE) $19.31 to $24.57
Goodyear (Nasdaq) $7.26 to $7.14
Michelin (Paris) €88.66 to €86.78
Nokian (Helsinki) €19.07 to €17.81
Pirelli (Borsa Italiano) €3.29 to €3.58
SRI (Tokyo) Yen1.009 to Yen1.056