Why Garmin Stock Hit an All-Time High This Week

Garmin (NYSE: GRMN) has been riding a wave of success in recent years. Once thought of only as a provider of navigation devices, the company now has a loyal following of fitness-oriented consumers, athletes, outdoor enthusiasts, and professionals in the aviation and marine sectors.That has turned into a growth market for the GPS-enabled device maker, and its prospects continue to grow. This week, the company stunned investors with its fourth-quarter and full-year 2024 results, and shares soared to a record high.While the stock has pulled back from its all-time record high of just under $242 per share, as of Friday morning, shares still gained almost 7% this week on the report, according to data provided by S&P Global Market Intelligence. The stock has also jumped almost 90% over the last year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool