Large Outflow of Money Witnessed in Gogo

Gogo (GOGO) : Wednesdays money flow analysis of Gogo (GOGO) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $3.92 million. In comparison, the inflow of money on upticks was a meager $3.05 million. The dollar value of composite uptick trades minus the downtick trades was negative $0.87 million. The uptick to downtick ratio of 0.78 in the money flow shows weakness. The downtick transaction value was high at $1.18 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.18 million). Gogo (GOGO) gained $0.19 at $12.54, a change of 1.5% over the previous days close.


Shares of Gogo Inc. rose by 5.92% in the last five trading days and 9.14% for the last 4 weeks. Gogo Inc. is up 56.62% in the last 3-month period. Year-to-Date the stock performance stands at -27.58%.

Gogo (GOGO) : 2 brokerage houses believe that Gogo (GOGO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gogo (GOGO). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

Gogo (NASDAQ:GOGO): The stock opened at $12.46 and touched an intraday high of $13.28 on Wednesday. During the day, the stock corrected to an intraday low of $12.29, however, the bulls stepped in and pushed the price higher to close in the green at $12.89 with a gain of 4.37% for the day. The total traded volume for the day was 2,665,082. The stock had closed at $12.35 in the previous trading session.

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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