Why Gogo Stock Went 10% Higher Today

The market ended the day in a ho-hum mood after the largest year-over-year inflation reading in over 40 years, but shares of Gogo (NASDAQ: GOGO) were, well... going. The stock ended the day just over 10% higher, putting it up 112% over the last one-year stretch. Talk about beating inflation.  

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According to the U.S. Bureau of Labor Statistics Consumer Price Index (CPI) reading for March, inflation was up 8.5% year over year -- the fastest rate of increase in over 40 years. Surging gas prices accounted for nearly half of this, with the broader energy component of the index up 32% from a year ago.  

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Source Fool.com