Stock prices go up for Titan and Goodyear

July 3, 2011

Stock price performance among the three United States-based tire manufacturers is mixed at the mid-year point.

With second-quarter results just around the corner, Titan International Inc. has a stock price 24.1% higher than it was six months ago. And it posted a first-quarter loss of $3 million (on record quarterly sales of $280.8 million).

In contrast, Cooper Tire & Rubber Co. investors have experienced a 16% drop in their stock price since the beginning of the year. Yet the company recorded net income of $16 million (on net sales of $906 million).

From Dec. 31, 2010, to June 30, 2011, Goodyear Tire & Rubber Co.'s stock price rose 41.5%. Its first-quarter results were positive: net income of $103 million on net sales of $5.4 billion.

Domestic stock prices, 2010-2011

Company         12/31/09   12/31/10   6/30/11

Titan                     $8.11      $19.54      $24.26

Goodyear          $14.10      $11.85      $16.77

Cooper              $20.05      $23.58      $19.79

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