26 Jun 2020
Stock prices of all major tire makers made gains, reflecting improved consumer confidence
London – Stock prices of major tire makers tracked a positive trend over the past month as Covid-19 lockdowns eased across the globe.
Stock prices of all major tire makers monitored by ERJ rose during the four weeks to 19 June, reflecting improved consumer confidence.
Shares of tire manufacturers dropped significantly in March as the Covid pandemic caused widespread temporary plant closures, automotive slowdown and low demand.
Bridgestone (Tokyo) Yen3.257 (22 May) to Yen3.509 (19 June)
Cooper Tire (NYSE) $24.57 to $26.15
Goodyear (Nasdaq) $7.14 to $8.54
Michelin (Paris) €86.78 to €88.76
Nokian (Helsinki) €17.81 to €19.51*
Pirelli (Borsa Italiano) €3.58 to €3.89
SRI (Tokyo) Yen1.056 to 1.077
* Helsinki stock market was closed 19 June to mark midsummer festivals and figure reflects prices at the end of business 18 June.
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