Garmin Ltd. (Nasdaq: GRMN) stock plunged $6.19 to close at $31.59 after a competitor warned that product prices are falling and Google (Nasdaq: GOOG) entered the navigation market. Google stock dropped $7.99 to close at $540.30.
Google Enters Navigation Market, Garmin Falls
October 28, 2009 at 18:35 PM EDT