A Look at Five Stocks on Investors’ Radars on Tuesday

Gogo Inc (NASDAQ:GOGO)’s stock is trading higher on the back of the company winning approval from Chinese regulators to provide in-flight connectivity service on international flights operating in and out of China. The company will start offering services through its partner China Telecom Satellite from October. Gogo Inc (NASDAQ:GOGO)’s President and CEO, Michael Small stated that “We believe China Telecom Satellite will be a very strong and effective partner for China’s in-flight communication market and both parties will extend the cooperation to Chinese airlines in the future.”

Evoke Pharma Inc (NASDAQ:EVOK)’s stock has plunged by over 11% on the back of its results for the second quarter. The company reported a net loss of $0.41 per share, which topped the estimates by $0.02 and was significantly narrower than the net loss of $0.52 per share posted a year earlier. The company did not have any revenue and said it had $4.1 million in cash and cash equivalents at the end of June. “Importantly, we recently completed financings for $14.5 million in gross proceeds to support the continued review and development of potential clinical and regulatory strategies for Gimoti. This represents a significant investment in Evoke, which we believe demonstrates investor confidence in Gimoti’s potential to benefit patients suffering from gastroparesis and helps position us to explore potential options as we work to get Gimoti to market,” Dave Gonyer, R.Ph., President and CEO of Evoke Pharma said in a statement. James A. Silverman’s Opaleye Management owned 130,000 shares of Evoke Pharma heading into the second quarter.

Finally, Vipshop Holdings Ltd – ADR (NYSE:VIPS)’s stock opened higher following the release of its financial results, but is currently trading slightly in the red. The company reported second-quarter revenue of $2.02 billion, which beat analysts’ estimates by $120 million, while EPS of $0.17 surpassed the expectations by $0.02. In addition, Vipshop provided revenue guidance in the range of RMB11.9 billion ($1.79 billion) to RMB12.4 billion ($1.86 billion) for the third quarter. During the second quarter, Ted Kang’s Kylin Management raised its stake in Vipshop Holdings by 15% to 21.79 million shares.

Disclosure: None