Why Gogo Stock Is Falling Today
Shares of Gogo (NASDAQ: GOGO) fell 10% on Wednesday morning after the aviation internet services provider was downgraded to underweight at Morgan Stanley.
Gogo shares have staged a nice post-pandemic recovery over the past year. The stock is up 50% over the past 12 months thanks in part to a September update that provided a rosy outlook for future cash flow.
Image source: Getty Images.
Source Fool.com