Cooper Tire & Rubber (NYSE:CTB) is one of today’s biggest movers, down 2.3% to $14.19. The S&P is trading lower by 0.7% to 1,268 and the Dow is trading 0.6% lower to 12,050.
There is potential upside of 48.0% for shares of Cooper Tire & Rubber based on a current price of $14.19 and an average consensus analyst price target of $21.00. The stock should hit resistance at its 50-day moving average (MA) of $15.30, as well as support at its 200-day MA of $14.13.
Cooper Tire & Rubber Company manufactures and markets replacement tires. The Company focuses on the manufacture and sale of passenger and light truck replacement tires. Cooper also manufactures radial medium truck tires and materials and equipment for the truck tire retread industry.
Over the past year, Cooper Tire & Rubber has traded in a range of $9.64 to $24.22 and is now at $14.19, 47% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.56% lower over the past week, respectively.
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