DJ Garmin Ltd. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Garmin Ltd. $(GRMN)$ advanced 1.34% to $217.78 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 6,067.70 and the Dow Jones Industrial Average rising 0.31% to 44,850.35.
This was the stock's second consecutive day of gains.
Garmin Ltd. closed 2.33% below its 52-week high of $222.97, which the company achieved on December 11th.
The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc. $(AAPL)$ rose 3.65% to $238.26, Alphabet Inc. Cl C $(GOOG)$ rose 1.70% to $197.07, and Alphabet Inc. Cl A $(GOOGL)$ rose 1.82% to $195.30.
Trading volume (864,187) eclipsed its 50-day average volume of 778,926.
Data source: Dow Jones Market Data, FactSet. Data compiled January 28, 2025.
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January 28, 2025 16:54 ET (21:54 GMT)
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