Gogo Inc’s recently made public that its Director TOWNSEND CHARLES C acquired Company’s shares for reported $0.26 million on Mar 14 ’24. In the deal valued at $9.03 per share,28,857 shares were bought. As a result of this transaction, TOWNSEND CHARLES C now holds 1,740,588 shares worth roughly $15.91 million.
Then, TOWNSEND CHARLES C bought 186,249 shares, generating $1,566,056 in total proceeds. Upon buying the shares at $8.41, the Director now owns 1,711,731 shares.
Before that, TOWNSEND CHARLES C bought 103,405 shares. Gogo Inc shares valued at $844,788 were divested by the Director at a price of $8.17 per share. As a result of the transaction, TOWNSEND CHARLES C now holds 1,525,482 shares, worth roughly $13.94 million.
A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early November from “an Underweight” to “an Equal-weight”. JP Morgan also remained covering GOGO and has increased its forecast on October 07, 2021 with a “Neutral” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on October 06, 2021. It rated GOGO as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of GOGO
On Friday, Gogo Inc [NASDAQ:GOGO] saw its stock jump 3.98% to $9.14. Over the last five days, the stock has gained 9.46%. Gogo Inc shares have fallen nearly -9.77% since the year began. Nevertheless, the stocks have fallen -30.65% over the past one year. While a 52-week high of $17.94 was reached on 02/07/24, a 52-week low of $7.53 was recorded on 04/16/24. SMA at 50 days reached $8.64, while 200 days put it at $10.70. A total of 2.0 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For GOGO Stock
The 24-hour chart illustrates a support level at 8.88, which if violated will result in even more drops to 8.61. On the upside, there is a resistance level at 9.32. A further resistance level may holdings at 9.50. The Relative Strength Index (RSI) on the 14-day chart is 61.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.57%. Stochastics %K at 82.41% indicates the stock is a selling.
