Shares of Gogo (GOGO) Sees Large Inflow of Net Money Flow

Gogo (GOGO) : Investors lapped up stocks on upticks to the tune of $2.15 million in the Fridays trading session. The trading value on downticks was comparatively at $1.31 million and the uptick to downtick ratio of 1.64 indicates continuous buying by the bulls. The net money flow into the stock was $0.84 million. Upticks saw transactions worth $0.5 clearly indicating buying by large investors. The total money flow for block trades stood at $0.5 million, which is a positive for the stock in the long-term. Gogo (GOGO) fell $0.24 during the day at $12.29, a drop of -1.92% over the previous days close. However, for the week, the stock is 5.4%, compared to the previous week.


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 32.94% . Institutional Investors own 74.5% of Gogo shares. During last six month period, the net percent change held by insiders has seen a change of 32.94%.

In a related news, Takhsh Arbela, officer (SVP, Quality Assurance) of Gogo Inc., unloaded 1,785 shares at an average price of $11.99 on August 30, 2016. The total amount of the transaction was worth $21,402, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Gogo (NASDAQ:GOGO): stock was range-bound between the intraday low of $12.23 and the intraday high of $12.7 after having opened at $12.67 on Fridays session. The stock finally closed in the red at $12.67, a loss of -1.92%. The stock remained in the red for the whole trading day. The total traded volume was 774,898 shares. The stock failed to cross $12.7 in Fridays trading. The stocks closing price on Thursday was $12.53.

Gogo (GOGO) : Traders are bullish on Gogo (GOGO) as it has outperformed the S&P 500 by a wide margin of 19.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.87%, 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 5.4% in the last 1 week, and is up 19.55% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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