Garmin Ltd (GRMN): Pao-chang Huang , General Manager – Garmin Corp. of Garmin Ltd sold 7,200 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $40.68 per share for a total value of $292,896.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 16, 2015, Clifton A Pemble (President and CEO) sold 2,026 shares at $34.87 per share price.On Dec 8, 2015, Philip Straub (VP, Man. Director – Aviation) sold 1,914 shares at $37.92 per share price.Also, On Nov 12, 2015, Danny J Bartel (VP, Worldwide Sales) sold 1,125 shares at $37.74 per share price.On Aug 24, 2015, Donald Eller (director) sold 70,000 shares at $39.00 per share price.
Garmin Ltd.: On Tuesday, May 10, 2016 heightened volatility was witnessed in Garmin Ltd. which led to swings in the share price. The shares opened for trading at $40.74 and hit $40.92 on the upside , eventually ending the session at $40.83, with a gain of 1.04% or 0.42 points. The heightened volatility saw the trading volume jump to 12,70,889 shares. The 52-week high of the share price is $47.27 and the company has a market cap of $7,725 M . The 52-week low of the share price is at $30.93.
Company has been under the radar of several Street Analysts.Garmin Ltd. is Downgraded by JP Morgan to Underweight. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Feb 18, 2016.
Garmin Ltd. (Garmin) is a provider of navigation communications and information devices which are enabled by Global Positioning System (GPS) technology. The Company operates through five business segments: marine outdoor fitness automotive/mobile and aviation markets. It designs develops manufactures markets and distributes a family of hand-held wearable portable and fixed-mount GPS-enabled products and other navigation communications sensor-based and information products. It offers a range of automotive navigation products as well as a range of products and applications designed for the mobile GPS market. It offers a range of products designed for use in outdoor activities. It offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in the recreational marine industry. Garmin’s aviation product line includes GPS-enabled navigation and electronic flight instrumentation systems (EFIS) among others.