Gogo (GOGO) Shares are Up 8.75%

Gogo (GOGO) : Traders are bullish on Gogo (GOGO) as it has outperformed the S&P 500 by a wide margin of 25.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.75% in the last 1 week, and is up 26.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 22.3% and the 50-Day Moving Average is 25.62%. Gogo (NASDAQ:GOGO): On Fridays trading session , Opening price of the stock was $11.31 with an intraday high of $11.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.12. However, the stock managed to close at $11.18, a loss of 1.67% for the day. On the previous day, the stock had closed at $11.37. The total traded volume of the day was 1,132,986 shares.


The company Insiders own 37.7% of Gogo shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 44.86% . Institutional Investors own 64.24% of Gogo shares. During last six month period, the net percent change held by insiders has seen a change of 44.86%. Also, Major Brokerage house, JP Morgan maintains its ratings on Gogo (NASDAQ:GOGO). In the latest research report, JP Morgan lowers the target price from $18 per share to $17 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 5, 2016.

Gogo Inc. is a holding company. The Company is an aero communications service provider. The Company operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW) and Business Aviation (BA). Its services include global network solutions, which include ATG/ATG-4, Ku/2Ku, Global Xpress and Iridium and SwiftBroadband (SBB); equipment and equipment related services, which include a package of airborne equipment for its ATG/ATG-4 and satellite services; passenger services, which include passenger connectivity, passenger entertainment and portal content; airline/owner/operator services, which include account support, network monitoring and management services, passenger support services and portal design, development and hosting, and operations-oriented communications services, which include providing commercial airlines and business aircraft owners and operators the access to use applications requiring connectivity.

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