Hot Trending Stock: Gogo (NASDAQ: GOGO)

The USA based company Gogo (NASDAQ: GOGO) moved with change of 2.44% to $5.26 with the recent traded volume of 2309273 shares versus to an average volume of 1.51M. The stock was down in the 5 days activity -3.02%. The one month performance of stock was -44.30%. GOGO shares are at -45.25% for the quarter and driving a -59.54% return over the course of the past year and is now at -54.52% since this point in 2018.  Right now GOGO beta is 1.17. The average volatility for the week and month was at 5.94% 8.29% respectively. There are 82.26M shares outstanding and 56.58M shares are floated in market.

Gogo (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, declared today that Will Davis has joined the company as Vice President of Investor Relations. He will report to Barry Rowan, Gogo’s Executive Vice President and CFO.

Davis brings nearly 20 years of wireless and communications industry experience in both Investor Relations and financial analyst roles to Gogo. Most recently, he was the Senior Vice President of Marketing & Chief of Staff of the combination of Lumos Networks and Spirit Communications, which is formed by EQT Infrastructure. This transaction closed in April 2018, creating one of the largest private, independent fiber bandwidth companies in the United States. Lumos Networks was taken private by EQT Infrastructure in November 2017 for approximately $1 billion.

Gogo’s President and CEO, Oakleigh Thorne said “Will’s experience and expertise in the communications infrastructure industry, as well as his deep relationships within the financial markets will be incredibly valuable in helping drive value for Gogo and its shareholders”. “We are excited to have him on the Gogo team.”

Prior to Lumos Networks, Davis was an Associate Director in sell-side research at UBS, covering wireless and telecom equipment companies. He also served as the wireless analyst at a large global tech-focused hedge fund with assets of approximately $5 billion. Additionally, he served as a Director of Investor Relations at Nokia. During his tenure, Nokia had a market capitalization of over $100 billion.

Shares of Gogo Inc. have been recently spotted trading -64.40% off of the 52-week high price. On the other end, company shares have been noted 9.71% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 4.79 – 14.76. Switching over to some distances from popular moving averages, we see that the stock has been recorded -33.57% away from the 50 day moving average and -48.58% away from the 200 day moving average. Moving closer, we can see that shares have been trading -17.38% off of the 20-day moving average. 1244 employees work in the Company. It has market cap of $421.99M.

  • Jeffrey Peterson
    Jeffrey Peterson a blogger and press writer, has worked on topics like earnings reports, hot stocks and market news. He is an experienced professional with 10+ years in research, analysis and reporting. He enjoys taking complex ideas and translating them into content aimed at the general public. He has personal interests in health, fitness, animal care, gardening, travel, world politics, and current social issues, but always willing to learn something new. Jeffrey has a Masters in Applied Finance and Investment. He specializes in income trading using options, is very conservative in his style and believes patience in waiting for the best setups is the key to successful trading. He covers articles for Technology category. Email Contact: Jeffrey@stockdigest.info

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