GuruFocus - On August 9, 2024, Max Mitchell, a Director at Goodyear Tire & Rubber Co (NASDAQ:GT), purchased 25,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now directly owns 25,000 shares of the company.
Goodyear Tire & Rubber Co is a prominent manufacturer of tires and rubber products, serving various automotive and truck markets globally.
Over the past year, Max Mitchell has engaged in multiple transactions involving the company's stock, purchasing a total of 67,000 shares. There have been no sales recorded by the insider during this period.
The insider transaction history for Goodyear Tire & Rubber Co shows a balance of activity over the past year, with 4 insider buys and 5 insider sells.
Shares of Goodyear Tire & Rubber Co were priced at $7.76 on the day of the insider's recent purchase. The company has a market cap of approximately $2.21 billion.
According to the GF Value, the intrinsic value of the stock is estimated at $12.20, suggesting that the stock is currently undervalued with a price-to-GF-Value ratio of 0.64. This valuation indicates a "Possible Value Trap, Think Twice" status, urging investors to be cautious.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider buying activity could be a signal to investors, especially considering the current valuation metrics and recent stock performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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