Goodyear reassured but not assured

UBS Wartburg downgraded the recommendation on Goodyear shares from “neutral” to “reduce”. Company stock, which hit a 52-week high of 10.74 US dollars four weeks ago, has tumbled in recent days.

On Wednesday, even as officials were rallying the troops, the stock traded as low as 7.99, closing at 8.09 US dollars, down 27 cents.