Today, the EVP, Man. Director – Aviation of Garmin Ltd (NASDAQ: GRMN), Philip Straub, sold shares of GRMN for $380.5K.
Following Philip Straub’s last GRMN Sell transaction on December 26, 2012, the stock climbed by 32.5%. In addition to Philip Straub, one other GRMN executive reported Sell trades in the last month.
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Based on Garmin Ltd’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $894 million and quarterly net profit of $190 million. In comparison, last year the company earned revenue of $817 million and had a net profit of $171 million. GRMN’s market cap is $12.24B and the company has a P/E ratio of 20.33. Currently, Garmin Ltd has an average volume of 285.2K.
12 different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock.
The insider sentiment on Garmin Ltd has been negative according to 122 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Philip Straub’s trades have generated a -11.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Garmin Ltd. is a holding company, which engages in the provision of navigation, communication, and information devices and applications that are enabled by global positioning system technology. It operates through the following business segments: Auto, Aviation, Marine, Outdoor, and Fitness.
