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Stock Market & Financial Investment News

News Breaks
March 27, 2014
10:40 EDTGRMNGarmin continues rally after another upbeat analyst note
Shares of Garmin (GRMN) are climbing after research firm Oppenheimer, in a note to investors earlier today, predicted that the shares could rise further. WHAT'S NEW: Noting that Garmin's stock has climbed recently, Oppenheimer analyst Yair Reiner wrote that the shares have more room to run. Specifically, the stock is likely to rise further this year as the company's new products gain momentum, he contended. Garmin's new fitness and aviation products are likely to do well, he predicted. Given the strength of these new offerings, analysts' estimates for Garmin are likely to increase, predicted Reiner, who views the stock's valuation as attractive. He kept a $65 price target and Outperform rating on the shares. WHAT'S NOTABLE: Citigroup yesterday upgraded its rating on Garmin to Buy from Neutral, citing what it sees as the positive outlook for the company's new fitness activity monitor, vivofit. PRICE ACTION: In mid-morning trading, Garmin surged 5% to $58.10. Earlier the company set a new 52-week high of $58.21.
News For GRMN From The Last 14 Days
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November 21, 2014
10:42 EDTGRMNOptions with increasing implied volatility: VNET GRMN
November 20, 2014
13:15 EDTGRMNRaymond James says an outright sale of Garmin is unlikely
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10:37 EDTGRMNOptions with increasing implied volatility
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07:27 EDTGRMNGarmin volatility elevated
Garmin November call option implied volatility is at 40, December is at 35; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement.
November 19, 2014
13:16 EDTGRMNGarmin is an unlikely acquisition target, says Citigroup at Citigroup
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11:32 EDTGRMNGarmin calls active on takeover speculation
Garmin November 57.5 and December 60 calls are active on total call volume of 8,100 contracts (500 puts) on takeover speculation. November call option implied volatility is at 36, December is at 34; compared to its 26-week average of 29 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:23 EDTGRMNRumor: Garmin strength attributed to takeover speculation
Shares of Garmin (GRMN) are moving higher on speculation Honeywell (HON) has approached the company.

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