Garmin Soars 23% with New Smartwatches; Dell and Abbvie Make Strategic Moves

1. Garmin Ltd. (NYSE: GRMN)
Garmin Ltd. surged by 23.21%. Garmin will announce its Q3 2024 financial results on October 30. Recently, Garmin recalled 632 fitness bikes due to component issues and introduced new Tactix 8 AMOLED and Fenix 8 smartwatches. Tigress Financial maintains a strong buy rating, targeting a price of $215.

2. Vulcan Materialsmpany (NYSE: VMC)
Vulcan Materialsmpany surged by 6.41%. Vulcan Materials reported its third quarter fiscal 2024 results on October 30, with Barclays maintaining an overweight rating and setting a price target of $285. JP Morgan rated it neutral with a price target of $245. Insider transactions were disclosed in August.

3. Dell Technologies (NYSE: DELL)
Dell Technologies surged by 6.4%. Dell Technologies' PowerScale storage is certified for enhanced productivity; PowerMax upgrades enhance efficiency, security, and cloud agility with new direct backup capabilities. Recognized as a Forbes 2024 Global Best Employer, Dell fosters an inclusive culture and supports data center sustainability.

4. Abbvie (NYSE: ABBV)
Abbvie surged by 6.39%. Abbvie has acquired Aliada Therapeutics for $1.4 billion, aiming to enhance neuroscience capabilities. The transaction is expected to conclude in Q4 2024, subject to regulatory approval. Additionally, Citigroup maintains a buy rating on Abbvie with a price target of $215.

5. Verisk Analytics (Nasdaq: VRSK)
Verisk Analytics gained solidly by 4.54%. Verisk Analytics reported its Q3 2024 financial results, with prior revenue of $1.421 billion, up 7.1%. RBC Capital maintains an Outperform rating with a $300 target. Evercore ISI Group targets $279. Recent insider trading includes sales by executives Mann Elizabeth and Liss Samuel G.