Shares of Boeing dropped 1.9% to $221.58 at 15:03 EST on Thursday, following yesterday's downward trend. The New York Stock Exchange is jumping 0.71% to $14,511.70, after two successive sessions in a row of gains. This seems, as yet, a somewhat positive trend trading session today.
Boeing's last close was $225.87, 57.93% below its 52-week high of $349.95.
News about Boeing today
Fixing the 737 max meant eliminating a key selling point for airlines - and that could cost a struggling Boeing another $5 billion. According to today's article on Business Insider, "Boeing walked a fine line with the 737 Max. ", "Airlines around the world are gearing up to bring the Boeing 737 Max back into passenger service after the plane was grounded over safety concerns for 20 months, following two fatal crashes."
Canada takes first step in allowing Boeing 737 max to fly again. According to today's article on Bloomberg Quint, "A decision to re-certify the aircraft hinges on Boeing making modifications to the 737 Max's design so pilots can quiet the so-called "stick shaker" warning system when it has been erroneously activated, which can distract them and lead to additional work during an emergency.", "Canadian transportation authorities validated changes to Boeing Co.'s 737 Max ordered by U.S. regulators, putting the jetliner a step closer to flying again in the northern nation."
Boeing's Sales
Boeing's sales growth is a negative 12% for the ongoing quarter and 1.4% for the next. The company's growth estimates for the current quarter and the next is 56.7% and 74.1%, respectively.
Boeing's Revenue
Year-on-year quarterly revenue growth declined by 29.2%, now sitting on 60.76B for the twelve trailing months.
Boeing's Stock Yearly Top and Bottom Value
Boeing's stock is valued at $221.58 at 15:03 EST, way below its 52-week high of $349.95 and way higher than its 52-week low of $89.00.
Boeing's Moving Average
Boeing's worth is way above its 50-day moving average of $199.48 and way above its 200-day moving average of $179.61.Previous days news about Boeing
Boeing widens 787 dreamliner inspections. According to The Wall Street Journal on Mon Dec 14, "Boeing engineers and U.S. air-safety regulators agree the newly discovered problem doesn't pose an imminent safety hazard, the officials said. ", "A Boeing spokesman said the defects in question are spots where the surface of the 787's carbon-composite fuselage isn't as smooth as it is should be. "
Boeing expands 'dreamliner' inspection after more defects: WSJ. According to MarketWatch on Mon Dec 14, "A Boeing spokesman told the newspaper the defects are surface spots on the jet's fuselage isn't as smooth as it should be. ", "So far this year, Boeing stock is down 29%, contrasting with gains around 14% for the S&P 500 index."
Boeing expands search for structural defects on 787 dreamliners. According to Bloomberg Quint on Mon Dec 14, "The regulator has been weighing possible enforcement action against Boeing for lapses in how the company oversees its manufacturing operations.", "Boeing and the Federal Aviation Administration are analyzing data to determine the best course of action for Dreamliners that are already in service."
Southwest hits brakes on max deliveries, settles Boeing dispute. According to Bloomberg Quint on Wed Dec 16, "Southwest, the largest operator of the Boeing Co. aircraft, also settled with the manufacturer over deliveries scuttled this year, after the plane was grounded following two crashes that killed 346 people. ", "Southwest fell 1.4% to $45.78 at 9:50 a.m. in New York, while Boeing was little changed at $230.50. "
Boeing scraps most 2021 pay raises, gives out stock instead. According to Bloomberg Quint on Wed Dec 16, "Boeing's debt has soared to $61 billion and the company is shedding about a third of its workforce as a collapse in demand for new jetliners compounds the financial squeeze from a 20-month grounding of the 737 Max, the planemaker's best-selling model.", "Since the end of October, Boeing soared 59% through Tuesday, the most on the Dow Jones Industrial Average, as U."