Boingo Skirts Tech Sell-Off as New York Transit Deal Spurs Gain
This article is for subscribers only.
Boingo Wireless Inc. rose for the first time in three days, bucking a broad downturn among technology stocks as analysts cheered recent licensing agreements with New York’s Metropolitan Transportation Authority.
The stock jumped as much as 6.2 percent and was on track to record its largest one-day gain in more than three months. Shares have fallen more than 28 percent from their Sept. 28 record, leaving them up 10 percent year-to-date.