Gogo Inc’s filing revealed 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 $14.44 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 $203.14 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 -10.04% to $7.44. Over the last five days, the stock has lost -13.59%. Gogo Inc shares have fallen nearly -8.03% since the year began. Nevertheless, the stocks have fallen -14.19% 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 $7.85, while 200 days put it at $7.88.
Levels Of Support And Resistance For GOGO Stock
The 24-hour chart illustrates a support level at 7.03, which if violated will result in even more drops to 6.63. On the upside, there is a resistance level at 7.95. A further resistance level may holdings at 8.46. The Relative Strength Index (RSI) on the 14-day chart is 43.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.05%. Stochastics %K at 68.77% 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 2025-03-14, growing by 1.1 million shares to a total of 24.28 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 23.18 million shares. There was a rise of 4.53%, which implies that there is a positive sentiment for the stock.
