gogo – Scalper1

In-Flight Internet Service Gogo Gets OK To Go Global

In-flight Internet and entertainment service Gogo (GOGO) lived up to its name Monday, with its stock rising more than 17% in afternoon trading, near an all-time high. Itasca, Ill.-based Gogo announced Monday that it had received approval for Ku-band satellite connectivity service on Boeing (BA) 747-400 aircraft, clearing the way for Wi-Fi service on international flights. Gogo received a supplemental type certificate from the Federal Aviation

Morgan Stanley Downgrades Gogo, Stock Slips

Gogo (GOGO) stock fell Friday after Morgan Stanley downgraded the in-flight Wi-Fi provider to underweight because its recent runup had pushed its valuation up too high. The investment bank also said the company faces more competition and continues to burn cash. Gogo’s stock was down 3.5% in midday trading in the stock market Friday, near 28. Gogo stock hit an all-time high of 31.55 on Thursday. Gogo stock took flight on Monday, after the company