Gogo Inc. (GOGO) Drops 28.51% on February 16

Equities Staff |

Gogo Inc. (GOGO) was one of the Russell 2000's biggest losers for Tuesday February 16 as the stock slid 28.51% to $9.93, a loss of $-3.96 per share. Starting at an opening price of $9.47 a share, the stock traded between $7.90 and $10.21 over the course of the trading day. Volume was 19.19 million shares over 77,829 trades, against an average daily volume of 836,254 shares and a total float of 85.85 million.

The losses send Gogo Inc. down to a market cap of $852.47 million. In the last year, Gogo Inc. has traded between $23.20 and $11.93, and its 50-day SMA is currently $16.10 and 200-day SMA is $17.66.

Gogo Inc is a holding company. The Company through its subsidiaries is engaged in providing aero communications service for the aviation industry. It provides in-flight connectivity and wireless in-cabin digital entertainment solutions.

Gogo Inc. is based out of Itasca, IL and has some 891 employees. Its CEO is Michael J. Small.

For a complete fundamental analysis analysis of Gogo Inc., check out Equities.com’s Stock Valuation Analysis report for GOGO. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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