Gogo upgraded to Buy from Neutral at UBS UBS upgraded Gogo to Buy citing the recent pullback in shares and the company's strong Q1 results. The firm lowered its price target for the stock to $23 from $26.
Gogo calls active Gogo October 19 and 20 calls are active on 1100 contracts (40 puts) on takeover speculation. October call option implied volatility is at 53, November is at 63 February is at 55; compared to its 26-week average of 63 according to Track Data. Active call volume suggests traders taking positions for large price movement.