In yesterday’s Wall Street session, Boeing Co. (NYSE:BA) shares traded at $176.99, down -2.09% from the previous session.
BA stock price is now -2.04% away from the 50-day moving average and -14.27% away from the 200-day moving average. The market capitalization of the company currently stands at $108.65B.
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On April 17, 2024, Northcoast Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $140, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $10.49 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 $0.67 million. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, Boeing Co. has had a low of $159.70 and a high of $267.54.
According to the Aerospace & Defense Company, earnings per share came in at -0.82, beating analysts’ expectations of -0.88 by 0.06. This compares to -$0.71 EPS in the same period last year. The company reported revenue of $16.57 billion for the quarter, compared to $17.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.54 percent. For the current quarter, analysts expect BA to generate $19.25B in revenue.
