Garmin Ltd. (NASDAQ:GRMN) : Traders are bullish on Garmin Ltd. (NASDAQ:GRMN) as it has outperformed the S&P 500 by a wide margin of 0.4% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.12% in the last 1 week, and is up 2.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -6.47% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $46.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.07 and the 200 Day Moving Average price is recorded at $39.40.
The stock has recorded a 20-day Moving Average of 3.41% and the 50-Day Moving Average is 4.78%.
Garmin Ltd. (NASDAQ:GRMN): stock turned positive on Friday. Though the stock opened at $42.88, the bulls momentum made the stock top out at $43.44 level for the day. The stock recorded a low of $42.7801 and closed the trading day at $43.37, in the green by 1.83%. The total traded volume for the day was 894,674. The stock had closed at $42.59 in the previous days trading.
In an insider trading activity, Huang Pao-Chang, officer (General Manager – Garmin Corp.) of Garmin Ltd, unloaded 7,200 shares at an average price of $40.68 on May 11, 2016. The total amount of the transaction was worth $292,896, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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. Garmins aviation product line includes GPS-enabled navigation, and electronic flight instrumentation systems (EFIS), among others.