Why Shares of Boeing Climbed Higher in June

Boeing (NYSE: BA) has had a miserable 2020, but the aerospace giant is steadily making progress resolving some of its biggest issues. The stock is still down big for the year, but shares climbed 25.7% in June, according to data provided by S&P Global Market Intelligence, as investors gained confidence the worst is over for Boeing.

Boeing had hit turbulence well before the COVID-19 pandemic, weighed down by the March 2019 grounding of its 737 Max jet. The pandemic worsened the outlook for Boeing, as it left airlines scrambling to cut costs and put the aerospace giant's order book at risk.

Image source: Boeing.

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Source Fool.com