Gogo Inc’s recent filing unveils that its Director TOWNSEND CHARLES C acquired Company’s shares for reported $0.69 million on Mar 18 ’25. In the deal valued at $6.74 per share,101,956 shares were bought. As a result of this transaction, TOWNSEND CHARLES C now holds 1,940,688 shares worth roughly $14.4 million.
Then, TOWNSEND CHARLES C bought 98,044 shares, generating $644,149 in total proceeds. Upon buying the shares at $6.57, the Director now owns 1,838,732 shares.
Before that, THORNE OAKLEIGH bought 45,259 shares. Gogo Inc shares valued at $297,352 were divested by the Director at a price of $6.57 per share. As a result of the transaction, THORNE OAKLEIGH now holds 27,303,395 shares, worth roughly $202.59 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 fall -3.89% to $7.42. Over the last five days, the stock has gained 8.16%. Gogo Inc shares have fallen nearly -8.28% since the year began. Nevertheless, the stocks have fallen -8.28% over the past one year. While a 52-week high of $11.00 was reached on 01/27/25, a 52-week low of $6.17 was recorded on 03/18/25. SMA at 50 days reached $7.72, while 200 days put it at $7.95.
Levels Of Support And Resistance For GOGO Stock
The 24-hour chart illustrates a support level at 7.16, which if violated will result in even more drops to 6.90. On the upside, there is a resistance level at 7.66. A further resistance level may holdings at 7.90. The Relative Strength Index (RSI) on the 14-day chart is 50.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.96%. Stochastics %K at 76.65% 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 2025-02-28, growing by 2.19 million shares to a total of 24.13 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 21.94 million shares. There was a rise of 9.08%, which implies that there is a positive sentiment for the stock.
