Why Boeing Stock Is Flying Today Despite Q2's Falling Sales and Bigger Loss
By most measures, shares of The Boeing Company (NYSE: BA) should be down today. It reported lower year-over-year sales as well as a bigger loss for the three-month stretch ending in June, reflecting the continued fallout from design and manufacturing problems with some of its newer passenger jets.
And yet, data from S&P Global Market Intelligence indicates that as of 2:41 p.m. ET Boeing shares are nearly 4.6% higher for the day. What gives?
In simplest terms, investors are finally seeing a light at the end of the tunnel.
Source Fool.com
Boeing Co. Stock
€152.36
1.450%
With 41 Buy predictions and 4 Sell predictions Boeing Co. is one of the favorites of our community.
With a target price of 221 € there is a positive potential of 45.05% for Boeing Co. compared to the current price of 152.36 €.
