What’s in Gogo Inc After Today’s Huge Decline?

Share with your friends


The stock of Gogo Inc (NASDAQ:GOGO) is a huge mover today! The stock decreased 6.48% or $1.21 on December 11, hitting $17.45. About 572,787 shares traded hands. Gogo Inc (NASDAQ:GOGO) has declined 15.17% since May 11, 2015 and is downtrending. It has underperformed by 10.75% the S&P500.
The move comes after 5 months negative chart setup for the $1.60B company. It was reported on Dec, 12 by Barchart.com. We have $15.88 PT which if reached, will make NASDAQ:GOGO worth $144.00 million less.

According to Zacks Investment Research, “Gogo Inc. offers in-flight connectivity and wireless digital entertainment solutions in-flights. It operates through Commercial Aviation and Business Aviation segments. The Company provides equipment for in-flight connectivity with voice and data services, wireless digital entertainment solutions. Gogo Inc. is headquartered in Itasca, Illinois.” Get a free copy of the Zacks research report on Gogo Inc (GOGO).

The institutional sentiment increased to 1.07 in Q3 2015. Its up 0.07, from 1 in 2015Q2. The ratio improved, as 20 funds sold all Gogo Inc shares owned while 41 reduced positions. 22 funds bought stakes while 43 increased positions. They now own 67.27 million shares or 18.62% more from 56.71 million shares in 2015Q2.

Jericho Capital Asset Management L.P. holds 2.8% of its portfolio in Gogo Inc for 2.94 million shares. Elk Creek Partners Llc owns 2.01 million shares or 2.49% of their US portfolio. Moreover, Stelliam Investment Management Lp has 1.75% invested in the company for 4.62 million shares. The Texas-based Hodges Capital Management Inc. has invested 1.08% in the stock. Valinor Management L.P., a New York-based fund reported 1.68 million shares.

Gogo Inc - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Add Comment