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 $12.04 million.
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Then, WILLIAMS HARRIS N bought 12,000 shares, generating $97,200 in total proceeds. Upon buying the shares at $8.10, the Director now owns 20,990 shares.
Before that, TOWNSEND CHARLES C bought 186,249 shares. Gogo Inc shares valued at $1,566,056 were divested by the Director at a price of $8.41 per share. As a result of the transaction, TOWNSEND CHARLES C now holds 1,711,731 shares, worth roughly $11.85 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 Tuesday, Gogo Inc [NASDAQ:GOGO] saw its stock jump 1.76% to $6.92. Over the last five days, the stock has lost -2.95%. Gogo Inc shares have fallen nearly -31.69% since the year began. Nevertheless, the stocks have fallen -38.60% over the past one year. While a 52-week high of $11.40 was reached on 02/07/24, a 52-week low of $6.17 was recorded on 10/03/24. SMA at 50 days reached $7.20, while 200 days put it at $8.69.
Levels Of Support And Resistance For GOGO Stock
The 24-hour chart illustrates a support level at 6.76, which if violated will result in even more drops to 6.61. On the upside, there is a resistance level at 7.00. A further resistance level may holdings at 7.09. The Relative Strength Index (RSI) on the 14-day chart is 48.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.30%. Stochastics %K at 56.67% indicates the stock is a holding.
How much short interest is there in Gogo Inc?
A steep rise in short interest was recorded in Gogo Inc stocks on 2024-09-30, growing by 1.33 million shares to a total of 12.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.13 million shares. There was a rise of 10.66%, which implies that there is a positive sentiment for the stock.
