GT

Goodyear Tire & Rubber Co.'s stock price has significantly declined over the past six months and year, with a 34.57% decrease over the last 12 months and a year-to-date return of -46.75%, trading at $4.75 in early October 2026 after reaching a 52-week low. Several events have impacted the stock, including Goodyear's August 2026 announcement of an extended timeline for its business restructuring and financial targets due to ongoing pressures from tariffs, higher raw material costs, and increased competition. The company also plans to close manufacturing facilities in New York and Texas, and two chemical plants, as part of its "Goodyear Forward" transformation plan. Effective July 6, 2026, Goodyear was removed from the S&P MidCap 400 and added to the S&P SmallCap 600, leading to forced selling by index funds. Financially, the company reported a GAAP net loss of $204 million in the second quarter of 2026, a decrease from a net income of $254 million in the same quarter of 2025, primarily due to lower volumes and rationalization charges, with net sales decreasing by 4.8% year-over-year. Despite these challenges, Goodyear expanded its retail and service network by opening a new Goodyear Auto Service location in Round Rock, Texas, in September 2026, aiming to increase recurring service revenue and improve margins.