London – Stock prices of most of major tire makers performed well over the recent weeks, generally showing an uptick in share values.
With the exception of Bridgestone, stock prices of all tire makers monitored by ERJ rose during the four weeks to 14 Aug, with Nokian seeing a sharp 18% increase in share values.
Bridgestone’s share prices continued the negative trend established in July, posting a 5.4% decline in stock value.
Despite a significant rebound since a collapse in March, shares of most tire manufacturers have not fully recovered to pre-Covid prices.
The global outbreak of Covid-19 saw share prices of tire makers fall dramatically, due to widespread temporary plant closures, automotive slowdown and low demand.
Bridgestone (Tokyo) Yen3.495 (17 July) to Yen3.305 (14 Aug)
Cooper Tire (NYSE) $30.42 to $34.50
Goodyear (Nasdaq) $9.64 to $9.89
Michelin (Paris) €94.00 to €96.30
Nokian (Helsinki) €19.67 to €23.24
Pirelli (Borsa Italiano) €3.77 to €3.72
SRI (Tokyo) Yen993 to Yen1.023