The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gogo Inc shares valued at $296,000 were purchased by CRANDALL ROBERT L on May 13 ’25. At $11.84 per share, CRANDALL ROBERT L acquired 25,000 shares. The insider’s holdings grew to 103,934 shares worth approximately $1.26 million following the completion of this transaction.
Also, TOWNSEND CHARLES C purchased 101,956 shares, netting a total of over 687,183 in proceeds. Following the buying of shares at $6.74 each, the insider now holds 1,940,688 shares.
Before that, TOWNSEND CHARLES C had added 98,044 shares to its account. In a trade valued at $644,149, the Director bought Gogo Inc shares for $6.57 each. Upon closing the transaction, the insider’s holdings increased to 98,044 shares, worth approximately $22.29 million.
Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early November. As of October 07, 2021, JP Morgan has increased its “an Underweight” rating to a “Neutral” for GOGO. Earlier on October 06, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for GOGO stock which previously was a “an Equal-weight”.
Analyzing GOGO Stock Performance
During the last five days, there has been a drop of approximately -0.57%. Over the course of the year, Gogo Inc shares have jumped approximately 49.81%. A 50-day SMA is recorded $8.36, while a 200-day SMA reached $7.77.
Support And Resistance Levels for Gogo Inc (GOGO)
RSI (Relative Strength Index) is 74.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.74, which suggests the price will increase in the coming days. Percent R is at 14.09%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
