Goodyear Tire (GT) volatility up; shares at low end of eight-month range into Goldman upgrade to Neutral
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Goodyear (NYSE: GT) is recently up 29c to $10.32 in the premarket on Goldman Sachs upgrade to Neutral from Sell based on easing raw material pressures and valuation. Goldman has a price target of $13. Overall option implied volatility of 51 is above its 26-week average of 47 according to Track Data, suggesting larger price movement.
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