Boeing (NYSE:BA) Gains As Manufacturing Improvement Plan Carries On
TipRanks (Tue, 7-Jan 2:35 PM ET)
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Seeking Alpha News (Tue, 7-Jan 2:09 PM ET)
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Seeking Alpha News (Mon, 6-Jan 7:45 AM ET)
Boeing’s Stock Volatility and Uncertain Future: Analyst Recommends Hold Amidst Fundamental Concerns
TipRanks (Mon, 6-Jan 7:15 AM ET)
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.
Boeing Company trades on the NYSE stock market under the symbol BA.
As of January 7, 2025, BA stock price climbed to $172.51 with 5,542,689 million shares trading.
BA has a beta of 0.78, meaning it tends to be less sensitive to market movements. BA has a correlation of 0.08 to the broad based SPY ETF.
BA has a market cap of $128.96 billion. This is considered a Large Cap stock.
Last quarter Boeing Company reported $18 billion in Revenue and -$10.44 earnings per share. This fell short of revenue expectation by $-90 million and missed earnings estimates by -$.10.
In the last 3 years, BA traded as high as $267.54 and as low as $113.02.
The top ETF exchange traded funds that BA belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.
BA has underperformed the market in the last year with a price return of -30.7% while the SPY ETF gained +27.3%. However, in the short term, BA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.3% vs +3.1% return in SPY. But in the last 2 weeks, BA shares have been beat by the market, returning -2.9% compared to an SPY return of -1.0%.
BA support price is $166.72 and resistance is $174.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BA shares will trade within this expected range on the day.