In yesterday’s Wall Street session, Boeing Co. (NYSE:BA) shares traded at $164.33, down -2.87% from the previous session.
BA stock price is now -13.12% away from the 50-day moving average and -21.63% away from the 200-day moving average. The market capitalization of the company currently stands at $100.26B.
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With the price target maintained at $140, Northcoast recently Downgraded its rating from Neutral to Sell for Boeing Co. (NYSE: BA). On April 11, 2024, BofA Securities reiterated its ‘Neutral’ rating on the stock by increasing its target price from $210 to quote $190, while ‘Melius’ rates the stock as ‘Hold’
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 $9.74 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 $0.62 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 $167.53 and a high of $267.54.
According to the Aerospace & Defense Company, earnings per share came in at -1.27, missing analysts’ expectations of -1.07 by -0.2. 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 $16.23B in revenue.
