Boeing Company (The) (NYSE:BA) has tumbled 1.01% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.91% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.18% and the outperformance has advanced to 0.98% for the last 4 weeks period.
Boeing Company (The) (NYSE:BA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $129.83 and $128.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $129.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $129.82, notching a gain of 0.35% for the day. The total traded volume was 6,739,624 . The stock had closed at $129.37 on the previous day.
The company shares have dropped -10.55% from its 1 Year high price. On Nov 20, 2015, the shares registered one year high at $150.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $130.89 and the 200 Day Moving Average price is recorded at $130.16.
On the companys insider trading activities,The officer (SVP, Communications) of Boeing Co, Downey Thomas J sold 6,047 shares at $134 on May 17, 2016. The Insider selling transaction had a total value worth of $810,298. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Boeing Company (The) (NYSE:BA). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $155 per share from a prior target of $140. The rating by the firm was issued on April 28, 2016. Currently the company Insiders own 0.58% of Boeing Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.56% . Institutional Investors own 79.4% of Boeing Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -18.56%.
The Boeing Company, together with its subsidiaries, is an aerospace company. The Company operates through five segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network & Space Systems (N&SS), Global Services & Support (GS&S) and Boeing Capital (BCC). The Defense, Space & Security (BDS) business includes BMA, N&SS and GS&S. The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike. The N&SS segment is engaged in the research, development, production and modification of the products and related services. The GS&S segment provides a range of support solutions. The BCC segments portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.