Gogo spikes after CEO, director disclose purchases

|About: Gogo (GOGO)|By:, SA News Editor

Gogo (GOGO +4.8%) CEO Michael Small bought 30K shares on Wednesday at $12.96. Director Charles Townsend bought 60K shares on Wednesday at $12.84, and another 100K on Thursday at $12.96.

The purchases come after the in-flight Wi-Fi provider's shares fell over 60% from a December high of $35.77, thanks largely to a momentum stock selloff and worries about AT&T's plans to offer a rival service.