3:22 PM · 6 September 2023

Gogo surges 11% after buyback announcement

Gogo (GOGO.US), US provider of in-flight broadband Internet for business aircraft, is one of the best performing US stocks today. Shares are surging 11% after the company announced yesterday in the evening that it will buy back own shares worth $50 million. The buyback plan represents around 3.5% of the company's pre-announcement market capitalization.

Taking a look at the company's chart at weekly interval (W1), we can see that the stock managed to halt recent downward move at the $11.15 swing level and is now attempting to climb back above a long-term price zone in the $12.40 area. Return above this hurdle could mean that the sideways move may be resumed in the previous $12.40-17.40 range until outlook for the company improves.

Source: xStation5

30 October 2026, 2:16 PM

US OPEN: Bloody end to the quarter. Intel loses nearly 1/3 of its value, and the crypto market shakes off a hack on the largest exchange.

30 October 2026, 11:08 AM

Market Wrap: Binance Hack Shakes Markets. European Equities Under Pressure

30 October 2026, 9:27 AM

Intel has come face to face with reality. A Turnaround is still a long way off.

29 October 2026, 10:25 PM

Amazon: Record-breaking operating margin outshined by capex growth

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits