🟢 Gogo is trading 11% up with no clear catalyst identified

Gogo is trading at $2.57, up 10.87%, with no clear company-specific catalyst identified for the October 12 move.

• Roth Capital said SpaceX’s spectrum acquisition could increase the value of Gogo’s spectrum holdings, estimating them at about $2.3 billion. That coverage concerned the October 9 move and does not confirm the reason for today’s gain.
• The broader market was mixed, with no strong same-direction move clearly explaining Gogo’s rise.