Trade-Ideas: Gogo (GOGO) Is Today's

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Gogo ( GOGO) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Gogo as such a stock due to the following factors:

  • GOGO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.4 million
  • GOGO has traded 163,138 shares today
  • GOGO is down 3.1% today
  • GOGO was up 6.1% yesterday

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More details on GOGO:

Gogo Inc., through its subsidiaries, provides aero communications services to the commercial and business aviation markets in the United States and internationally. The company operates three segments: Commercial Aviation North America, Commercial Aviation Rest of World, and Business Aviation. Currently there are four analysts that rate Gogo a buy, one analyst rates it a sell, and one rates it a hold.

The average volume for Gogo has been 848,500 shares per day over the past 30 days. Gogo has a market cap of $1.87 billion and is part of the technology sector and telecommunications industry. Shares are up 40.1% year-to-date as of the close of trading on Thursday.

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