GOGO stock has been showing solid momentum over the past week following Gogo Inc’s (NASDAQ:GOGO) announcement of preliminary financial results. Although GOGO stock has been trading well beyond its all-time high, it could face some headwinds in the future.
Near to 52-Week HighsSince bottoming in December last year, GOGO stock has recovered 73%, and from current levels, the stock may double, thus establishing a new 52-week high. However, GOGO is selling for 87% less than what it did in late 2013 when it peaked, so a new all-time high is extremely unlikely.
So ...
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