Price Action Alert: Does Gol Linhas Aereas Inteligentes SA (ADR) Have Any Gas After Today’s Huge Decline?

Price Action Alert: Does Gol Linhas Aereas Inteligentes SA (ADR) Have Any Gas After Today's Huge Decline?

The stock of Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) is a huge mover today! About 528,700 shares traded hands or 215.03% up from the average. Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) has risen 240.45% since April 8, 2016 and is uptrending. It has outperformed by 234.81% the S&P500.
The move comes after 9 months negative chart setup for the $341.01 million company. It was reported on Nov, 10 by Barchart.com. We have $15.46 PT which if reached, will make NYSE:GOL worth $47.74 million less.

Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) Ratings Coverage

Out of 10 analysts covering Gol Linhas Aereas Inteligentes Sa (NYSE:GOL), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Gol Linhas Aereas Inteligentes Sa has been the topic of 14 analyst reports since August 19, 2015 according to StockzIntelligence Inc. The firm earned “Underweight” rating on Wednesday, September 9 by JP Morgan. The company was upgraded on Tuesday, February 2 by Goldman Sachs. The stock has “Neutral” rating given by Bank of America on Friday, August 5. The firm earned “Neutral” rating on Monday, March 28 by JP Morgan. The company was downgraded on Thursday, December 10 by Credit Suisse. Credit Suisse upgraded Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) on Friday, August 26 to “Neutral” rating. The company was downgraded on Tuesday, August 25 by Zacks. The rating was initiated by HSBC on Monday, November 23 with “Reduce”. UBS downgraded Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) on Tuesday, September 22 to “Sell” rating. Citigroup upgraded the shares of GOL in a report on Monday, November 7 to “Neutral” rating.

According to Zacks Investment Research, “GOL Linhas Aereas Inteligentes is a low-cost, low-fare airline.”

More news for Gol Linhas Aereas Inteligentes SA (ADR) (NYSE:GOL) were recently published by: Marketwatch.com, which released: “GOL Linhas Aereas Inteligentes SA ADR” on May 18, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.

GOL Company Profile

Gol Linhas Aereas Inteligentes S.A., incorporated on March 12, 2004, is a holding company. The Firm is a low-cost carrier, which provides service on routes connecting all of Brazil’s cities in South America and selected tourist destinations in the Caribbean. The Firm operates through two divisions: flight transportation and Smiles loyalty program. The Company’s flight transportation segment provides air transportation services. The Company’s Smiles loyalty program segment includes the activities represented by miles sales transactions to airline and non- airline partners. The Firm has an operating fleet of approximately 7.7 years Boeing 737-700/800s, or Boeing 737 aircraft and its flight routes offer various number of daily departures among airlines in Latin America. It also offers its air cargo services, Gollog. The Firm offers approximately 860 daily flights to over 60 destinations connecting various cities in Brazil, as well as destinations in Argentina, Bolivia, Chile, Paraguay, Uruguay and the Caribbean.

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