Why Goodyear Stock Is Falling Today
Goodyear Tire & Rubber (NASDAQ: GT) missed Wall Street expectations in the third quarter, as macroeconomic challenges including inflation and strong-dollar concerns weighed on results. Investors were disappointed, sending shares of Goodyear down as much as 15% on Tuesday. "Uncertainty and volatility have defined our operating environment since the onset of COVID," CEO Richard J. Kramer said in a statement.