Two European stocks in Focus: BP plc (ADR) (BP), Garmin Ltd. (GRMN)

0
1819

BP plc (ADR) (NYSE:BP)

Stock’s Trading Stats:

BP plc (ADR) (NYSE:BP) surged 2.90% yesterday and closed at $31.19. The company’s market capitalization is at $95.83 Billion with an average trading volume of 7.63 Million. The total number of Outstanding Shares Held by the company are 18.35 Billion.

Recent Press Release:

BP p.l.c. (BP) operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, in addition to NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and refineries in Germany.

Garmin Ltd. (NASDAQ:GRMN)

Stock’s Trading Stats:

Garmin Ltd. (NASDAQ:GRMN) closed at $40.42 yesterday by showing a increase of 1.20%. The total number of outstanding shares held by the company are 189.72 Million with the total market capitalization of $8.48 billion. The number of shares traded on the last trading session are 924,800.

Recent Press Release:

Garmin Ltd. (GRMN) on April 4, 2016 declared that it prevailed on summary judgment in a purported class action lawsuit filed in the U.S. District Court for the District of Kansas in Meyers v. Garmin International, Inc. Case No. 13-CV-2416.

The plaintiff alleged that the lithium ion batteries in certain Garmin personal navigation devices were prone to fail prematurely. The court granted summary judgment to Garmin on all remaining asserted claims after the plaintiff abandoned most of his claims. The court found that the undisputed evidence showed that, even after four years of use, the battery in plaintiff’s device had not reached the end of its useful life. The judgment is subject to appeal.

Garmin is a pioneer in GPS navigation and wireless devices and applications that are designed for people who live an active lifestyle. Garmin serves five primary business units, counting automotive, aviation, fitness, marine, and outdoor recreation. For more information, visit Garmin’s virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garmin, or youtube.com/garmin.

SHARE