President EMEA bought 18,292 shares of GT at $8.20 on Aug 6; stock now -48.7% from 52-week high, with 2 other insiders buying in past 14 days
Delaney Christopher R, President EMEA, purchased 18,292 shares at $8.20 on 2024-08-06, increasing his holdings from 147,177 to 165,469 shares (+12.4%). The transaction occurred as Goodyear's stock was trading near 52-week lows, with the current price of $7.70 representing a -48.7% decline from the $15.00 52-week high and a -30.7% drop over the past 30 days. The company faces operational headwinds: annual revenue growth stands at -3.6% and it was unprofitable over its most recent full fiscal year, though it posted $85.0M net income in the latest quarter. Notably, a cluster pattern is present with 2 other insiders also purchasing within the past 14 days, suggesting coordinated or independently-motivated buying during a period of significant stock depreciation and fundamental weakness.