Garmin Ltd’s recent filing unveils that its VP, Consumer Sales & Marketing LYMAN SUSAN unloaded Company’s shares for reported $0.61 million on Mar 10 ’25. In the deal valued at $215.51 per share,2,829 shares were sold. As a result of this transaction, LYMAN SUSAN now holds 8,432 shares worth roughly $1.84 million.
Then, Susan Lyman bought 2,829 shares, generating $609,555 in total proceeds.
Before that, Boessen Douglas G. sold 2,763 shares. Garmin Ltd shares valued at $625,969 were divested by the CFO and Treasurer at a price of $226.55 per share. As a result of the transaction, Boessen Douglas G. now holds 30,936 shares, worth roughly $6.76 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 1.91% to $218.57. Over the last five days, the stock has gained 5.78%. Garmin Ltd shares have risen nearly 5.97% since the year began. Nevertheless, the stocks have risen 47.54% over the past one year. While a 52-week high of $246.50 was reached on 02/19/25, a 52-week low of $138.86 was recorded on 02/12/25. SMA at 50 days reached $217.13, while 200 days put it at $191.52.
Levels Of Support And Resistance For GRMN Stock
The 24-hour chart illustrates a support level at 215.20, which if violated will result in even more drops to 211.83. On the upside, there is a resistance level at 220.56. A further resistance level may holdings at 222.55. The Relative Strength Index (RSI) on the 14-day chart is 53.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.53%. Stochastics %K at 43.12% 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 2025-02-28, growing by 0.21 million shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.75 million shares. There was a rise of 7.12%, which implies that there is a positive sentiment for the stock.
