My uncle past recently, I inherited 5 shares common stock.?

Question

When my uncle past, he wasn't a wealthy person but he left me with 5 shares of common stock from The Goodyear Tire & Rubber Company whom he worked for. I know it's not much but I was wondering how/where I can find out how much this stock is worth now? He purchased the stock back in 1979.

Answer 1

The symbol for Goodyear Tire & Rubber Company is GT. As of 2:00 PM EST it was trading at $15.23/share.

If the stock is in certoificate form, you uncle's name is on it, so it must be converted to your name before you can do anything with it. Go to the Executor of the estate, or the attorney who drew up the will, get a statement from them, preferably notorized that your uncle has passed and that you now are the legal owner of the shares. Send the statement and the certificate to the Transfer Agent, listed on the certificate, by Certified Mail, return receipt requested. A new certificate, in your name should be eceived within a reasonable amount of time - 30 working days.

At this time your "cost basis" is the average cost of the stock on the date you inhereited it. Go the Yahoo Finance to find out the price.

So if the average price was less that $15.23, you have a "loss", if it was more you have a "gain". In either case you would report it on your tax forms as a deduction (loss) or additional income (gain).

If Goodyear offers a Stock Divident Reinvestment program, get into it (ask the Transfer Agent if it is posiible to put your 5 shares into the program). In addition to the dividends buying additional shares (although with 5 shares you would received a fraction of a share - .000x shares) you can buy additional shares of the stock at minimum cost. Similarly, when you want to sell all you have to do is submit a form that is attached to the DivRe quarterly statement.

Answer 2

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Answer 3

There is a section in most newspapers that lists thousands of companies share information. But you need to understad how to read it. If you do not then you need to talk to a stock broker at lets say Merrill Lynch. good luck

Answer 4

Contact your stock broker. If you do not have one, go to your local bank. There is a good chance they have a securities department, and they should help you track it down.