Gogo Inc. (GOGO) had a rough trading day for Wednesday November 13 as shares tumbled 5.64%, or a loss of $-0.36 per share, to close at $6.02. After opening the day at $6.34, shares of Gogo Inc. traded as high as $6.34 and as low as $6.00. Volume was 1.25 million shares over 7,748 trades, against an average daily volume of n/a shares and a total float of 88.16 million.
As a result of the decline, Gogo Inc. now has a market cap of $530.71 million. In the last year, shares of Gogo Inc. have traded between a range of $7.24 and $2.65, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Gogo Inc is a US-based in-flight connectivity systems and service provider. The company through its subsidiaries offers aero communications, in-flight broadband, and wireless in-cabin digital entertainment solutions for the aviation industry. Its business segments include; Commercial Aviation North America, and Commercial Aviation Rest of World. The company offers connectivity and entertainment services to commercial airlines flying routes within North America, satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American-based commercial airlines flying outside North America, and a variety of in-flight Internet connectivity and other voice and data communications products and services.
Gogo Inc. is based out of Chicago, IL and has some 1,153 employees. Its CEO is Oakleigh Thorne.
Gogo Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.