Garmin Pushes Into Positive Territory (GRMN)

Shares of Garmin GRMN are one of the very few bright spots on the Nasdaq today, as they have bucked the market trend and are currently trading 1% higher at $33.24. Volume in the name has been a little heavier than normal, with 1.58 million shares trading hands on the day. The stock was actually in the red for awhile this morning, before going positive at around 12:40 EST. Over the last five days, GRMN has lost 2.74%. The company reported disappointing earnings on May 5th, missing Wall Street estimates. Activity in GRMN appears to be connected to the company's ongoing efforts to acquire Raymarine Holdings Limited.