Garmin Ltd’s recent filing unveils that its Director BURRELL JONATHAN unloaded Company’s shares for reported $2.19 million on Mar 15 ’24. In the deal valued at $146.15 per share,15,000 shares were sold. As a result of this transaction, BURRELL JONATHAN now holds 623,834 shares worth roughly $106.03 million.
Then, BURRELL JONATHAN sold 15,000 shares, generating $2,212,284 in total proceeds. Upon selling the shares at $147.49, the Director now owns 638,834 shares.
Before that, BURRELL JONATHAN sold 15,000 shares. Garmin Ltd shares valued at $2,233,340 were divested by the Director at a price of $148.89 per share. As a result of the transaction, BURRELL JONATHAN now holds 653,834 shares, worth roughly $111.13 million.
JP Morgan downgraded its Garmin Ltd [GRMN] rating to a Neutral from a an Overweight in a research note published recently. KeyBanc Capital Markets began covering GRMN with “Sector weight” recommendation on April 19, 2023. Barclays started covering the stock on November 09, 2022. It rated GRMN as “an Equal weight”.
Price Performance Review of GRMN
On Tuesday, Garmin Ltd [NYSE:GRMN] saw its stock jump 1.24% to $169.96. Over the last five days, the stock has gained 17.64%. Garmin Ltd shares have risen nearly 32.22% since the year began. Nevertheless, the stocks have risen 63.77% over the past one year. While a 52-week high of $167.90 was reached on 05/07/24, a 52-week low of $99.61 was recorded on 02/01/24. SMA at 50 days reached $146.30, while 200 days put it at $122.43. A total of 0.88 million shares were traded, compared to the trading of 0.83 million shares in the previous session.
Levels Of Support And Resistance For GRMN Stock
The 24-hour chart illustrates a support level at 167.82, which if violated will result in even more drops to 165.67. On the upside, there is a resistance level at 171.49. A further resistance level may holdings at 173.01. The Relative Strength Index (RSI) on the 14-day chart is 84.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.84%. Stochastics %K at 98.47% indicates the stock is a selling.
