Why Shares of Goodyear Are Soaring This Week

Shares of tire company Goodyear (NASDAQ: GT) surged by more than 17% in the week as of the Friday open. The move comes as a consequence of positive sentiment in the run-up to its third-quarter earnings report and then the report's release on Friday morning.

The results were excellent and served to dispel fears that a combination of rising raw material prices and slowing vehicle production would hurt the company's earnings and throw its integration of Cooper Tires off course.

Image source: Getty Images.

Continue reading

Source Fool.com