Shares of Boeing jumped 2.8% to $239.23 at 15:27 EST on Monday, following yesterday’s downward trend. The New York Stock Exchange is falling 0.56% to $14,336.70, after four sequential sessions in a row of gains, on what as yet seems, a somewhat rough trend exchanging session today.
Boeing’s last close was $232.71, 47.81% under its 52-week high of $353.60.
News about Boeing today
Boeing upped to buy at UBS on narrowbody view. According to today’s article on MarketWatch, “Boeing was upgraded to buy from neutral at UBS, which doubled its price target to $300 from $150. UBS said Boeing can get to 50 or more per month of production on the 737.”
American will fly the Boeing 737 max on 9 routes across the US come January after it returns to service this month – see the full list. According to today’s article on Business Insider, “2021 is proving to be the year of the Max. American Airlines is regrowing its route network for the Boeing 737 Max in 2021 that will see more US travelers flying on the jet that’s fresh from a 20-month grounding from the Federal Aviation Administration. ”
Boeing’s sales growth is a negative 8.2% for the ongoing quarter and 0.9% for the next. The company’s growth estimates for the present quarter and the next is 58.8% and 75.3%, respectively.
Year-on-year quarterly revenue growth declined by 29.2%, now sitting on 60.76B for the twelve trailing months.
Boeing’s Stock Top and Bottom Yearly Value
Boeing’s stock is valued at $239.23 at 15:27 EST, way under its 52-week high of $353.60 and way higher than its 52-week low of $89.00.
Boeing’s Moving Average
Boeing’s worth is way higher than its 50-day moving average of $184.62 and way above its 200-day moving average of $175.04.
Previous days news about Boeing
Ryanair chief puts rivals on notice with big Boeing jet purchase. According to Bloomberg Quint on Fri Dec 4, “Ryanair Holdings Plc has a plan to thunder back from the air travel slump, grabbing airport space while its weakened rivals are still in retreat.”
Boeing mulls equity sale, plans new cut to 787 dreamliner output. According to Bloomberg Quint on Fri Dec 4, “Boeing Co. is studying an equity sale and other ways to ease a debt burden that has soared to $61 billion this year amid the worst slump in aviation history.”