Garmin (GRMN) Getting Somewhat Positive Press Coverage, Report Shows
News headlines about Garmin (NASDAQ:GRMN) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Garmin earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 44.4184982408795 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- NXP and Garmin Team-up to Bring Secure and Convenient NFC Mobile Payments to New Fitness Wearables (finance.yahoo.com)
- Zacks: Brokerages Anticipate Garmin Ltd. (GRMN) Will Post Quarterly Sales of $872.59 Million (americanbankingnews.com)
- Garmin Ltd. (GRMN) Stock With Positive Earnings Growth For Next 5 Years – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Garmin Ltd. (GRMN) has analyst mean rating score of 3.20 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Garmin Ltd. (GRMN) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Garmin (GRMN) traded up $1.52 during midday trading on Tuesday, hitting $62.31. The company had a trading volume of 1,589,706 shares, compared to its average volume of 1,199,652. The company has a market cap of $11,680.00, a PE ratio of 16.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.94. Garmin has a 1-year low of $48.50 and a 1-year high of $64.96.
In related news, insider Clifton A. Pemble sold 2,413 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $60.30, for a total value of $145,503.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jonathan Burrell sold 253,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $59.29, for a total value of $15,000,370.00. The disclosure for this sale can be found here. In the last three months, insiders sold 892,621 shares of company stock valued at $54,207,263. 18.30% of the stock is currently owned by company insiders.
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Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.
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