Goodyear Stock Falls 38.8% YTD: Buy the Dip or Time to Sell?

Shares of The Goodyear Tire & Rubber Company (GT) , one of the largest tire manufacturing companies in the world, have plunged 38.8% year to date to close at $8.76 on Monday. Shares of GT’s competitors Bridgestone Corp (BRDCY) and Michelin (MGDDY) are down 5.1% and up 10.2%, respectively.Goodyear YTD Price Comparison with CompetitorsImage Source: Zacks Investment ResearchWeaker commercial truck business, high debt level and substantial amounts of investment and capital spending are believed to be the primar ...