Garmin stock slips 3.47% and underperforms competitors
Updated
Updated · MarketWatch · May 1
Garmin stock slips 3.47% and underperforms competitors
10 articles · Updated · MarketWatch · May 1
Shares closed at $242.42 on Friday, marking a second straight daily loss as the S&P 500 rose 0.29% and the Dow Jones fell 0.31%.
Garmin ended 11.31% below its 52-week high of $273.32 reached on 17 April, while Apple gained 3.24% and Alphabet's two share classes also rose.
Trading volume was 716,230 shares, 143,064 below Garmin's 50-day average of 859,294, indicating lighter activity during a mixed broader market session.
Following record earnings, is Garmin's stock decline a temporary blip or a serious warning about its future growth?
As its key Outdoor segment falters, can Garmin's booming fitness wearables carry the company's future growth alone?
Can Garmin’s niche focus on battery life fend off tech giants like Apple in the expanding wearables market?