Garmin Ltd’s filing revealed that its CFO and Treasurer Boessen Douglas G. unloaded Company’s shares for reported $0.37 million on Dec 20 ’24. In the deal valued at $207.99 per share,1,761 shares were sold. As a result of this transaction, Boessen Douglas G. now holds 27,612 shares worth roughly $6.03 million.
Then, Boessen Douglas G. bought 1,761 shares, generating $361,744 in total proceeds.
Before that, PEMBLE CLIFTON A sold 10,162 shares. Garmin Ltd shares valued at $2,200,870 were divested by the President and CEO at a price of $216.58 per share. As a result of the transaction, PEMBLE CLIFTON A now holds 138,061 shares, worth roughly $30.13 million.
Morgan Stanley downgraded its Garmin Ltd [GRMN] rating to an Underweight from a an Equal-weight in a research note published on October 07, 2024; the price target was decreased to $138 from $155. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid September from “an Equal weight” to “an Underweight”. BofA Securities also remained covering GRMN and has decreased its forecast on May 22, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. JP Morgan revised its rating on January 08, 2024. It rated GRMN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of GRMN
On Tuesday, Garmin Ltd [NYSE:GRMN] saw its stock jump 1.27% to $218.22. Over the last five days, the stock has gained 0.20%. Garmin Ltd shares have risen nearly 5.80% since the year began. Nevertheless, the stocks have risen 80.33% over the past one year. While a 52-week high of $222.97 was reached on 01/28/25, a 52-week low of $119.31 was recorded on 01/02/25. SMA at 50 days reached $212.71, while 200 days put it at $181.66.
Levels Of Support And Resistance For GRMN Stock
The 24-hour chart illustrates a support level at 216.43, which if violated will result in even more drops to 214.63. On the upside, there is a resistance level at 219.34. A further resistance level may holdings at 220.45. The Relative Strength Index (RSI) on the 14-day chart is 60.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.19%. Stochastics %K at 69.44% indicates the stock is a holding.
How much short interest is there in Garmin Ltd?
A steep rise in short interest was recorded in Garmin Ltd stocks on 2025-01-15, dropping by 80215.0 shares to a total of 2.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.02 million shares. There was a decline of -2.73%, which implies that there is a negative sentiment for the stock.
