Active Concerns Wondering Movers: General Motors (NYSE:GM), The Goodyear Tire & Rubber (NASDAQ:GT)

General Motors Company (NYSE:GM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 4.84% to close at $37.24 with the total traded volume of 31.23 Million shares. General Motors’ (GM) personal mobility brand, Maven is working with the City of Los Angeles to evolve mobility and provide easier, more sustainable and more convenient options for Angelenos to navigate the city. Maven’s seamless car-sharing application complements Los Angeles Mayor Eric Garcetti’s vision to leverage multi-modal transportation solutions to advance mobility and encourage more electric vehicles in the market.

The collaboration is expected to increase opportunities in Los Angeles neighborhoods, from reducing mobility barriers to exposing all communities to transportation electrification. Maven City car sharing in Los Angeles has seen an average of 56 percent member growth month-over-month since launching in October 2016, and Maven will leverage this existing platform as well as in-city infrastructure, fleet management capabilities and operational insights to help advance the City of Los Angeles’ Sustainable City pLAn. Maven members will play an integral role in informing the co-creation process and will provide valuable insights for future infrastructure and transportation developments. The firm has institutional ownership of 75.00%, while insider ownership included 4.66%. Its price to sales ratio ended at 0.33. GM attains analyst recommendation of 2.70 with week’s performance of 6.10%.

The Goodyear Tire & Rubber Company (NASDAQ:GT) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.14% to $35.76. The Goodyear Tire & Rubber Company (NASDAQ:GT) revealed plans for major facilities upgrades at its Airship Operations base in Carson, renewing its commitment to the Goodyear Blimp’s presence in the Los Angeles area. The improvements will include an inflatable hangar for the new Goodyear Blimp Wingfoot Two, which is slated to arrive in Southern California by the end of the year. The company has flown its iconic blimps for more than 90 years and has operated its base in Carson since 1968.

“At Goodyear, we honor tradition and drive toward innovation,” said Paul Fitzhenry, senior vice president, Global Communications. “We are proud to usher in this new era of our world-renowned brand icon and look forward to operating the new blimp in our Carson base.” The new hangar will be the first on the Carson airship base, which Goodyear opened in 1968. The hangar will be built out of 73 miles of partially translucent polyester fabric and will be almost nine-stories tall and longer than a football field. Construction of the hangar is expected to be completed in seven months and erected on the property in July. The share price of GT attracts active investors, as stock price of week volatility recorded 4.02%. The stock is going forward to its 52-week low with 48.40% and lagging behind from its 52-week high price with 0.06%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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