Gol Linhas Aereas Inteligentes SA (GOL) Shares Gap Up to $15.80
Gol Linhas Aereas Inteligentes SA (NYSE:GOL) gapped up prior to trading on Monday . The stock had previously closed at $15.41, but opened at $15.80. Gol Linhas Aereas Inteligentes SA shares last traded at $16.70, with a volume of 110,540 shares trading hands.
Several equities research analysts have commented on GOL shares. Deutsche Bank AG upgraded Gol Linhas Aereas Inteligentes SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research cut Gol Linhas Aereas Inteligentes SA from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Gol Linhas Aereas Inteligentes SA currently has a consensus rating of “Hold” and an average price target of $3.45.
The firm has a 50-day moving average of $11.88 and a 200-day moving average of $7.95. The company’s market cap is $569.78 million.
A hedge fund recently raised its stake in Gol Linhas Aereas Inteligentes SA stock. Morgan Stanley raised its stake in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) by 1,002.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,998,873 shares of the company’s stock after buying an additional 1,817,633 shares during the period. Morgan Stanley owned 0.58% of Gol Linhas Aereas Inteligentes SA worth $1,145,000 as of its most recent SEC filing.
Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation.
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