NEW YORK, NY / ACCESSWIRE / November 7, 2018 / Shares of Riot Blockchain and Gogo Inc. were both exploding on Tuesday. While Riot Blockchain didn’t have any immediate news, Gogo Inc. was sailing higher on better than expected third quarter results.
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Riot Blockchain, Inc.
Riot Blockchain, Inc. shares closed up 17.53% yesterday on explosive trading volume of about 2.7 million shares. There was no significant news from the company to explain the big gains, but it was at the end of last month that Riot Blockchain announced the termination of the Securities and Exchange Commission Examination previously reported by the Company earlier this year and changes to its Board of Directors. The company also said it appointed Mr. Benjamin Yi to the Board, where he will serve as chairman of the Company's Audit Committee and chairman of the Investment and Strategy Committee. Mr. Yi is a CFA charter holder and holds a Master of Finance degree from the Rotman School of Management at the University of Toronto. He previously served as an independent director of PetroMaroc Corporation plc, as a member of the board and as a member of the Audit Committee of Android Industries, LLC, and as an independent director and member of the Audit Committee of Woulfe Mining Corporation where he also served as the chairman of the Audit Committee for a period of time.
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Gogo Inc. shares were up 26.25% at the close on Tuesday with around 12.5 million shares traded. Average trading volume for the stock is just under 1.5 million shares. The company saw its shares soar after reporting
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