How To Buy Goodyear Stock

You can buy Goodyear shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Goodyear shares with a broker like eToro or you can trade Goodyear CFDs with XTB you can begin trading Goodyear shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Goodyear stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker eToro XTB Plus500 FXPrimus Trading212 AvaTrade
Rating
Used By 12,000,000+ 250,000+ 15,500+ 10,000+ 14,000,000+ 200,000+
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Scroll down to read our indepth article on How To Buy Goodyear Stock. What you should know, Types of trading Goodyear Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Goodyear Stock Table of Contents

Goodyear Financial Details

Financial Details

Goodyear Stock symbol GT
Goodyear Sector and Industry Consumer Discretionary Automotive
Goodyear Exchange NASDAQ - National Association of Securities Dealers Automated Quotations exchange
52 Week High $21.4
52 Week Low $10.74
Goodyear Market Capitalisation $3,072,192,840.00
Goodyear Average Volume 2,963,488.00
Goodyear PE 16.26
Goodyear EPS 0.82
Stock Currency USD

Overview of Goodyear

The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires for most applications. The Company also manufactures and markets several lines of rubber and rubber-related chemicals and provides automotive repair services. Goodyear also retreads truck, aircraft, and heavy equipment tires. The Company provides its products and services worldwide.

Goodyear is an American Consumer Discretionary Automotive company currently traded on the National Association of Securities Dealers Automated Quotations exchange (NASDAQ).

Goodyear trades under the stock symbol GT on the NASDAQ.

Goodyear shares are traded in USD.

Goodyear has a current share price of $13.22 USD dated 31/01/2020.

The highest Goodyear share price over the last 52 weeks was $21.4 USD and its lowest price over the last 52 weeks was $10.74 USD. That is a 52 week price range of $10.74 - $21.4.

Goodyear Trading Volume and PE

Goodyear currently has 232,564,000.00 active shares in circulation traded through the NASDAQ exchange.

Goodyear market capitalization is $3,072,192,840.00 with an average daily trading volume of 2,963,488.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Goodyear has a Price Earning Ratio ( PE ) of 16.26 and earning per share ( EPS ) of 0.82. Generally speaking Goodyear having a high P/E ratio means that Goodyear investors forsee increased growth with Goodyear in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Goodyear earnings per share is Disney company profit that's allocated to every Goodyear common stock. Earnings per share is calculated by taking the difference between Goodyear's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Goodyear shares outstanding.

Goodyear Financial Charts

Financial Details

Goodyear Information

Goodyear Location & Contact Information

Address 200 Innovation Way Akron, OH 44316 United States
Phone Number 1-330-796-2121
Website URL www.goodyear.com

Goodyear Executives and Board Members

Chairman/President/CEO Richard J Kramer
Pres:EMEA Christopher R Delaney Chris
Pres:Americas Stephen R McClellan
Goodyear Board Member Richard J Kramer
Goodyear Board Member W Alan McCollough
Goodyear Board Member James A Firestone

How To Buy Goodyear Stock Guide

Buying Goodyear Stocks and CFDs

When investing in Goodyear you have several options as to what type of investment you wish to conduct. You can buy traditional Goodyear shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Goodyear shares with stock brokers and trading Goodyear with CFDs below.

Goodyear CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Goodyear stock.

If you buy Goodyear shares with a stock broker you actually own a share of Goodyear. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Goodyear price will change up or down.

Lets explain why you would buy Goodyear as a CFD instead of as a share.

If you went and brought 100 Goodyear shares at $100 a share with a stock broker you own $1000 of Goodyear.

The main difference when trading Goodyear as a CFD and buying Goodyear as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Goodyear you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Goodyear. Trading an Goodyear CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Goodyear CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Goodyear share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

What CFDs allow you to do is profit from both the rise and fall in the Goodyear share price. An Goodyear CFD long would be hoping to profit from a rise in the Goodyear share price. An Goodyear CFD short would be aiming to profit from a fall in the Goodyear stock price. Trading CFDs allows traders to profit from both directions of the Goodyear price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Goodyear shares you can only profit from a rise in the Goodyear stock price.

Goodyear CFD and Stock Market Times

When trading in traditional Goodyear shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Goodyear Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Goodyear stock. This limits your risk to your initial amount invested in Goodyear. You can only lose the amount invested with traditional Goodyear shares. Another benefit of buying Goodyear shares with a broker is that you may be eligible to receive Goodyear company dividends if applicable.

If you Invest in Goodyear via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Goodyear. If you buy Goodyear stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Goodyear benefits as in owning a certain amount of stock for a set period.

If you own shares in Goodyear you may be eligible to voting rights at Goodyear shareholder general meetings.

Goodyear Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Goodyear Stocks and shares are only exempt from tax if the Goodyear shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Goodyear Stocks and Shares or Goodyear CFDs?

There are pros and cons to trading in both Goodyear Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Goodyear stocks and shares is better suited for long term investments. Historically Goodyear shares provide better returns over the long term, usually a 10 year period.

Goodyear CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Goodyear share investors aim to profit on the fluctuating highs and lows of the Goodyear price throughout the day. Day trading as you can imagine focuses on profiting from the daily Goodyear stock price change.

CFD traders monitor live price movements by using real-time charts in an attempt to profit from live price movements.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Goodyear stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Goodyear share price for example to a known amount.

Example Cost of Buying Goodyear as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

Goodyear CFD trade example Goodyear Share deal example
Market price $13.22 $13.22
Broker Deal Invest $2.644 at 1:5 Margin (20%) Buy at $13.22 a share
Deal size 100 shares 100 shares
Initial outlay

$264.4

(Margin = exposure x 20% margin factor)

$1322

(100 shares at $13.22)
Stamp duty No £20
Close price Sell at $15.864 Sell at $15.864
Estimated Profit

(2.644 point increase x 100 shares = $264.4)

*Not including commission fees and taxes

($1586.4 - $1322 = $264.4)

*Not including commission fees and taxes
Trade Goodyear CFDs now with XTB Trade Goodyear Shares now with Etoro

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