Goodyear Moving Higher, Up 5% (GT)

The Goodyear Tire & Rubber Company GT is up sharply today, gaining more than 5% on heavy volume. There are rumors out today that the tire company could potentially go private for $17 per share in a leveraged buyout offer. At last chec, shares of GT were up 54 cents to $10.25, a gain of more than 5.5%. Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires and related products and services worldwide.