Large Outflow of Money Witnessed in Garmin Ltd.

Garmin Ltd. (NASDAQ:GRMN) managed to eke out gains of 0.67% in intraday trade. The share price increased by 0.28 points to $42.15. Till last observation, the net money flow was recorded at a negative $(-5.65) million. The total inflow of $2.39 million in upticks was completely overshadowed by an outflow of $8.04 million in downticks, giving the up/down ratio a value of 0.3. The shares have seen a change of -0.85% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $5.17 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-5.17) million.

Shares of Garmin Ltd. rose by 0.2% in the last five trading days and 6.65% for the last 4 weeks. Garmin Ltd. is up 7.48% in the last 3-month period. Year-to-Date the stock performance stands at 16.08%.

Currently the company Insiders own 18.3% of Garmin Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.67% . Institutional Investors own 36.85% of Garmin Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -20.67%. . On the companys insider trading activities, Huang Pao-Chang, officer (General Manager – Garmin Corp.) of Garmin Ltd, unloaded 7,200 shares at an average price of $40.68 on May 11, 2016. The total amount of the transaction was worth $292,896, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Garmin Ltd. (NASDAQ:GRMN) rose 0.5% or 0.21 points on Friday and made its way into the gainers of the day. After trading began at $41.84 the stock was seen hitting $42.57 as a peak level and $41.75 as the lowest level. The stock ended up at $42.08. The daily volume was measured at 1,525,283 shares. The 52-week high of the share price is $47.27 and the 52-week low is $30.93. The company has a market cap of $7,961 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *