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Gogo Inc Insider Buys 300,000 Shares At Avg Price Of $9.69

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Gogo Inc Insider Buys 300,000 Shares At Avg Price Of $9.69

Shares of aviation communications provider Gogo Inc (NASDAQ: GOGO) were trading down nearly 20 percent month-over-month Wednesday morning and experienced an insider purchase by director Charles Townsend.

  • Director Townsend purchased 300,000 shares for an average price of $9.69/share, bringing his total holdings to 654,267 shares ($6,019,256 at current market value).

Insider transactions can be an indication of where company management or large holders expect a company’s share price to go.

 

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Posted-In: Charles TownsendNews Insider Trades Movers Tech

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