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Stock Market & Financial Investment News

News Breaks
February 20, 2013
07:01 EDTGRMNGarmin initiates $300M share repurchase program
On February 15, its Board of Directors authorized the company to repurchase up to $300M of the company’s shares as market and business conditions warrant through December 31, 2014. The repurchases may be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market. The company views the stock repurchase as an appropriate use of cash given the long-term growth prospects of the company and ongoing free cash flow generation.
News For GRMN From The Last 14 Days
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September 18, 2014
07:26 EDTGRMNGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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September 10, 2014
11:37 EDTGRMNGarmin bounces back, Fossil continues slide after Apple Watch unveiled
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08:48 EDTGRMNGarmin unlikely to be derailed by Apple Watch, says Oppenheimer
Oppenheimer does not view Apple Watch as "a category killer" in the running or fitness band markets. The firm says that the necessity of pairing the Apple Watch with an iPhone, along with Apple Watch's use of a built-in optical hear rate sensor which is likely to be prone to malfunction are disadvantages. Additionally, Apple Watch's price is much higher than the prices that Garmin (GRMN) charges for its watches, while the Apple Watch's battery life is likely much shorter, according to Oppenheimer. The firm keeps an Outperform rating on Garmin.
07:18 EDTGRMNApple Watch does not compete with Garmin, says Citigroup
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September 9, 2014
14:03 EDTGRMNGarmin down 3% after Apple confirms launch of Apple Watch
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