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Updated · MarketWatch · May 6Garmin stock rises 3.49% and outperforms competitors
9 articles · Updated · MarketWatch · May 6
- Shares closed at $242.82 on Wednesday, beating Apple and Alphabet gains as the S&P 500 rose 1.46% and the Dow added 1.24%.
- The advance ended a four-day losing streak, while trading volume reached 829,154 shares, above Garmin's 50-day average of 818,851.
- Even after the gain, Garmin remained 11.16% below its 52-week high of $273.32, reached on 17 April, during a broadly favourable market session.
Despite a strong outlook and record performance, why are Garmin insiders selling millions in shares? Is Garmin's niche market dominance enough to justify its premium valuation against Big Tech competitors? Can Garmin's new AI subscription service create a moat strong enough to fend off Apple?