Why Shares of Boeing Are Up Today

Investors were greeted on Tuesday with two pieces of good news regarding Boeing (NYSE: BA) and its troubled 737 MAX. That, coupled with the continued optimism surrounding a COVID-19 vaccine, sent shares of the aerospace giant up 5% in late-morning trading.

It's been a tough year for Boeing, with the company hit by a one-two punch of the continued grounding of its 737 MAX airplane and the impact of the pandemic on airlines. But investors in recent days have been greeted with positive developments on both issues, and it is helping the stock gain altitude.

Image source: Boeing.

Source Fool.com