Gogo Inc. (NASDAQ:GOGO): Insider Purchases Boost Investor Sentiments

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Dallas, Texas 05/19/2014 (FINANCIALSTRENDS) – The stock of Gogo Inc. (NASDAQ:GOGO) gained over 5.30% on Friday (closing $13.68), largely following the news of insider purchases by the company’s Chairman and Chief Executive Officer. Ronald T. LeMay, Chairman of the company disclosed to have purchased 100,000 shares of the company at an average price of $12.96 and Michael Small, President and Chief Executive Officer of the company disclosed to have purchased 30,000 shares of the company at an average price of $12.96.

Recent Insiders Trading:

The company has reported remarkable insider purchases in its recent filings with the Securities and Exchange Commission. Director of Gogo Inc. (NASDAQ:GOGO), Townsend Charles C recently purchased 60,178 shares of the company’s common stock on May 14, 2014, at an average price of $12.84. The transaction value totaled to $772,553. On the following day, May 15th, he bought additional 39,822 shares of the company’s company stock at an average price of $12.96 and total transaction value of $516.248. Following these transactions, Charles total holding in the company’s common stock now accounts for 100,000 shares.

In another transaction, Director of the company, Thorne Oakleigh purchased 13,001 shares of the company on May 14, 2014 at an average price of $13.46 for a total transaction value of $174,993. Oakleigh now holds 13,001 shares of the company’s common stock.

Mundheim Robert H, Director of Gogo Inc. (NASDAQ:GOGO), also recently purchased 2,000 shares of the company’s common stock on May 14, 2014, at an average price of $13.43. The transaction value totaled to $26,857. On the following day, May 15th, he bought additional 3,000 shares of the company’s company stock at an average price of $13.00 and total transaction value of $39,000. Following these transactions, Charles total holding in the company’s common stock now accounts for 80,769 shares.

Company Brief:

Gogo Inc. offers in-flight internet connectivity as well as digital entertainment solutions in the U.S. and internationally.

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