GOGO is a no go today

Victory Capital Management Inc. purchased a new position in shares of Gogo Inc. (GOGO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,216 shares of the technology company’s stock, valued at approximately $272,000. Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Gogo during the 4th quarter worth $106,000. IFP Advisors Inc purchased a new stake in Gogo during the 4th quarter worth $142,000. Schonfeld Strategic Advisors LLC purchased a new stake in Gogo during the 3rd quarter worth $142,000. Arizona State Retirement System purchased a new stake in Gogo during the 4th quarter worth $154,000. Finally, Metropolitan Life Insurance Co NY purchased a new stake in Gogo during the 1st quarter worth $73,000. 43.32% of the stock is owned by hedge funds and other institutional investors. A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. cut shares of Gogo from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a research report on Monday, February 1st. Zacks Investment Research cut shares of Gogo from a “buy” rating to a “hold” rating in a research report on Tuesday, February 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $13.00 price objective on shares of Gogo in a research report on Monday. Finally, William Blair cut shares of Gogo from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 27th. (Posted by Ed Jones on Mar 2nd, 2021). Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...

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7pt Trading compass:
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Volume average/direction
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Newsworthy current events
Revenue
Earnings
Balance sheet

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