Gogo shares surge 68.7% on Friday despite weak earnings
GOGO Gogo Inc
$3.88 +71.52%
View chart & analysis → - 1Gogo recorded a 5% year-over-year decrease in revenue.
- 2Gogo shares surged on Friday, recording a 68.7% increase.
- 3Short sellers faced pressure following news of refinancing and license renewals.
So what's the key point?
Gogo's revenue decreased by 5% compared to last year. However, shares rose 68.7% following news of refinancing and contract renewals.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.