Gogo Inc. (GOGO) Soars 5.53%

Gogo Inc. (GOGO) Soars 5.53%

Gogo Inc. (GOGO) had a good day on the market for Monday December 02 as shares jumped 5.53% to close at $5.34. About 1.17 million shares traded hands on 6,736 trades for the day, compared with an average daily volume of n/a shares out of a total float of 88.16 million. After opening the trading day at $5.25, shares of Gogo Inc. stayed within a range of $5.43 to $5.18.

With today’s gains, Gogo Inc. now has a market cap of $470.76 million. Shares of Gogo Inc. have been trading within a range of $7.23 and $2.64 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $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 also 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.

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