Garmin Ltd. (GRMN) Shares are Up 1.09%

Garmin Ltd. (GRMN) : Traders are bullish on Garmin Ltd. (GRMN) as it has outperformed the S&P 500 by a wide margin of 23.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.66%, 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 1.09% in the last 1 week, and is up 26.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Garmin Ltd. (NASDAQ:GRMN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.91 and $54.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.92, notching a gain of 0.70% for the day. The total traded volume was 1,434,363 . The stock had closed at $54.54 on the previous day.

The stock has recorded a 20-day Moving Average of 13.59% and the 50-Day Moving Average is 23.45%. Garmin Ltd. is up 36.12% in the last 3-month period. Year-to-Date the stock performance stands at 51.51%.

Garmin Ltd. (GRMN) : The most positive equity analysts on Garmin Ltd. (GRMN) expects the shares to touch $57, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $47.83 with an expected fluctuation of $5.27 from the mean.


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.

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