Boeing Co. (BA) Stock Showcases 35.56% 20-Day Moving Average

The stock of Boeing Co. (BA) has seen a -0.09% decrease in the past week, with a -8.18% drop in the past month, and a 9.05% flourish in the past quarter. The volatility ratio for the week is 2.51%, and the volatility levels for the past 30 days are at 3.02% for BA. The simple moving average for the past 20 days is 35.56% for BA’s stock, with a Jan 31 BMO simple moving average for the past 200 days.

Is It Worth Investing in Boeing Co. (NYSE: BA) Right Now?

Moreover, the 36-month beta value for BA is 1.54.

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The public float for BA is 609.19M and currently, short sellers hold a 1.59% of that float. On February 12, 2024, BA’s average trading volume was 0.46 shares.

BA) stock’s latest price update

Boeing Co. (NYSE: BA)’s stock price has soared by 209.20 in relation to previous closing price of 261.73. Nevertheless, the company has seen a loss of -0.09% in its stock price over the last five trading days. Reuters reported 2024-02-09 that U.S. Federal Aviation Administration chief Michael Whitaker will travel to Seattle next week to meet with Boeing as the agency audit’s the planemaker’s 737 MAX production process following a mid-air emergency.

Analysts’ Opinion of BA

Many brokerage firms have already submitted their reports for BA stocks, with BofA Securities repeating the rating for BA by listing it as a “Neutral.” The predicted price for BA in the upcoming period, according to BofA Securities is $225 based on the research report published on January 25, 2024 of the current year 2024.

BA Trading at 10.20% from the 50-Day Moving Average

After a stumble in the market that brought BA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.81% of loss for the given period.

Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -6.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.92% lower at present.

During the last 5 trading sessions, BA fell by -0.09%, which changed the moving average for the period of 200-days by +3.47% in comparison to the 20-day moving average, which settled at $208.86. In addition, Boeing Co. saw -19.74% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BA starting from COLBERT THEODORE III, who sale 8,500 shares at the price of $238.37 back on Aug 01. After this action, COLBERT THEODORE III now owns 59,255 shares of Boeing Co., valued at $2,026,136 using the latest closing price.

MOLLENKOPF STEVEN M, the Director of Boeing Co., purchase 850 shares at $237.00 during a trade that took place back on Jul 31, which means that MOLLENKOPF STEVEN M is holding 3,767 shares at $201,450 based on the most recent closing price.

Conclusion

To wrap up, the performance of Boeing Co. (BA) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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