In yesterday’s Wall Street session, Boeing Co. (NYSE:BA) shares traded at $188.85, up 0.61% from the previous session.
BA stock price is now -6.86% away from the 50-day moving average and -11.50% away from the 200-day moving average. The market capitalization of the company currently stands at $115.22B.
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On January 25, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $255 to quote $225, while ‘Susquehanna’ rates the stock as ‘Positive’
In other news, COLBERT THEODORE III, EVP, Pres. & CEO, BDS sold 8,500 shares of the company’s stock on Aug 01 ’23. The stock was sold for $2,026,136 at an average price of $238.37. Upon completion of the transaction, the EVP, Pres. & CEO, BDS now directly owns 59,255 shares in the company, valued at $11.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31 ’23, Director MOLLENKOPF STEVEN M bought 850 shares of the business’s stock. A total of $201,450 was incurred on buying the stock at an average price of $237.00. This leaves the insider owning 3,767 shares of the company worth $0.71 million. A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, Boeing Co. has had a low of $176.25 and a high of $267.54. The fifty day moving average price for BA is $201.97 and a two-hundred day moving average price translates $213.29 for the stock.
The latest earnings results from Boeing Co. (NYSE: BA) was released for Dec, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.43, beating analysts’ expectations of -$0.72 by 0.29. This compares to -$1.11 EPS in the same period last year. The company reported revenue of $22.02 billion for the quarter, compared to $19.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.2 percent. For the current quarter, analysts expect BA to generate $17.58B in revenue.
