Boeing (NYSE: BA) has hit a key milestone in its long-term recovery efforts, and investors are jumping into its stock as a result. As of 2:01 p.m. EST Wednesday, Boeing shares were up by 5.5%.
Boeing has been in crisis mode since March 2019, when its flagship 737 MAX jet was grounded after a pair of fatal crashes. The pandemic made matters worse for the company as airlines were compelled to scale back their expansion plans, which put a serious damper on new jet sales.
Image source: Boeing.
Source Fool.com