Tire shares tracker: Downward trend continues

London – A downward trend in share prices of major tire makers continued over the past two weeks, according to ERJ’s latest analysis of trends on global stock markets.

All tire makers covered by the snapshot of share-price performance for the two weeks ending 24 May showed a decline – continuing a general trend identified in our previous tracker:

Bridgestone (Tokyo) Yen4,198 (10 May) to Yen4,086 (24 May)

Cooper Tire (NYSE) $29.15 to $28.96

Goodyear (Nasdaq) $17.23 to $14.64

Michelin (Paris) €110.10 to €105.35

Nokian (Helsinki) €26.05 to €25.71

Pirelli (Borsa Italiano) €5.71 to €5.34

SRI (Tokyo) Yen1,262 to Yen1,224