Gogo (NASDAQ: GOGO) shareholders beat the market on Wednesday as the stock gained 15% at the open before settling to an 8% increase by 1:15 p.m. EDT. That boost compares to a 1.4% slump in the S&P 500.
The spike pushed the airplane broadband provider's stock over 50% returns so far in 2022, compared to a 6% slump in the broader market. It was powered by news that Gogo's stock is about to join an important index.
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Source Fool.com