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Why Goodyear Stock Is Bouncing Higher Today

Lou Whiteman, The Motley Fool
·2 min read
Why Goodyear Stock Is Bouncing Higher Today

Activist Elliott Management is calling for a shakeup at Goodyear Tire & Rubber (NASDAQ: GT), including recommending five candidates for the company's board. Elliott Management, the hedge fund run by billionaire Paul Singer, has a long track record of successfully pushing for change inside companies. In a letter to Goodyear's board released Thursday, the fund spotlighted a low operating margin, an underutilized retail platform, and a loss of investor confidence as reason change is needed.

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