In a filing, Gogo Inc revealed 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 $12.9 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 $12.68 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 fall -8.58% to $7.41. Over the last five days, the stock has lost -11.95%. Gogo Inc shares have fallen nearly -26.90% since the year began. Nevertheless, the stocks have fallen -28.73% over the past one year. While a 52-week high of $11.17 was reached on 02/07/24, a 52-week low of $6.17 was recorded on 10/03/24. SMA at 50 days reached $7.30, while 200 days put it at $8.46.
Levels Of Support And Resistance For GOGO Stock
The 24-hour chart illustrates a support level at 7.12, which if violated will result in even more drops to 6.83. On the upside, there is a resistance level at 7.88. A further resistance level may holdings at 8.36. The Relative Strength Index (RSI) on the 14-day chart is 44.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.88%. Stochastics %K at 45.32% 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 2024-11-15, growing by 3.62 million shares to a total of 19.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 15.45 million shares. There was a rise of 19.0%, which implies that there is a positive sentiment for the stock.
