Garmin Ltd. (GRMN) Shares are Up 0.33%

Garmin Ltd. (GRMN) : Traders are bullish on Garmin Ltd. (GRMN) as it has outperformed the S&P 500 by a wide margin of 21.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.27%, 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 0.33% in the last 1 week, and is up 22.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.97% and the 50-Day Moving Average is 20.19%. Garmin Ltd. (NASDAQ:GRMN): On Fridays trading session , Opening price of the stock was $55.5 with an intraday high of $55.57. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $54.98. However, the stock managed to close at $55.1, a loss of 0.34% for the day. On the previous day, the stock had closed at $55.29. The total traded volume of the day was 626,336 shares.


The company Insiders own 18.3% of Garmin Ltd. shares according to the proxy statements. Institutional Investors own 36.86% of Garmin Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -20.67%. Also, Major Brokerage house, Bank of America downgrades its ratings on Garmin Ltd. (NASDAQ:GRMN). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 4, 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. Garmins aviation product line includes GPS-enabled navigation, and electronic flight instrumentation systems (EFIS), among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.