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Why Gogo Stock Jumped on Monday

TheMotleyFool

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Shares of aviation connectivity and wireless-entertainment specialist Gogo (NASDAQ: GOGO) jumped on Monday, rising as much as 17.7%. As of 11:21 a.m. EDT today, however, the stock had settled to a 3.2% gain.

The stock's gain was likely primarily fueled by Gogo's second-quarter earnings release, which included revenue that was significantly higher than analysts' consensus forecast for the metric.

Image source: Getty Images.

Source Fool.com

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