Byline: Lisa Hockensmith
European tire makers Group Michelin and Nokian Tyres P.L.C. recorded the largest gains in their stock prices from year-end 2005 to 2006, but U.S.-based Goodyear and tire and auto service provider Midas Inc. also made solid gains.
Michelin led the pack with a 52.7-percent gain to $95.26. Nokian was close behind with a 45.7-percent increase to close 2006 at $20.39.
Midas was a more distant third with a 25.3-percent gain to $23. The chain saw some hiccups in its retail sales, but tire sales were growing briskly-up 17.6 percent in the third quarter.
The results are based on share prices collected by Tire Business. Percent changes are ...