DJ Garmin Ltd. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Garmin Ltd. $(GRMN)$ inched 0.40% higher to $209.27 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.39% to 5,893.62 and the Dow Jones Industrial Average falling 0.13% to 43,389.60.
The stock's rise snapped a three-day losing streak.
Garmin Ltd. closed $6.28 below its 52-week high ($215.55), which the company achieved on November 14th.
The stock underperformed when compared to some of its competitors Monday, as Apple Inc. $(AAPL)$ rose 1.34% to $228.02, Alphabet Inc. Cl C $(GOOG)$ rose 1.67% to $176.80, and Alphabet Inc. Cl A $(GOOGL)$ rose 1.63% to $175.30.
Trading volume (938,361) eclipsed its 50-day average volume of 931,242.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2024.
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(END) Dow Jones Newswires
November 18, 2024 16:57 ET (21:57 GMT)
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