Garmin shares closed at $247.81 on Tuesday, marking a fourth straight day of losses and trading 9.33% below their 52-week high set on April 17.
The stock's decline outpaced the S&P 500's 0.49% drop and the Dow's 0.05% loss, while trading volume reached 1.1 million, above its 50-day average.
Garmin underperformed rivals, as Apple shares rose 1.16% and Alphabet's classes saw smaller declines, highlighting relative weakness for Garmin in a broadly negative session.
Despite record profits, why did Garmin's stock plunge right before its earnings call?
With insiders selling millions in stock, should investors worry about Garmin's upcoming earnings?
Will Garmin's new AI services and smartwatches be enough to justify its premium stock price?
Can Garmin's specialized devices fend off the threat from tech giants like Apple?
How vulnerable is Garmin's business to the growing global threat of GPS jamming?