Boeing Company (The) (BA) : Traders are bullish on Boeing Company (The) (BA) as it has outperformed the S&P 500 by a wide margin of 0.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.01% in the last 1 week, and is up 0.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The Boeing Company is up 6.41% in the last 3-month period. Year-to-Date the stock performance stands at -4.61%. The stock has recorded a 20-day Moving Average of 1.39% and the 50-Day Moving Average is 2.98%.
Boeing Company (The) (NYSE:BA): The stock opened at $134.50 on Friday but the bulls could not build on the opening and the stock topped out at $135.00 for the day. The stock traded down to $133.84 during the day, due to lack of any buying support eventually closed down at $134.44 with a loss of -0.41% for the day. The stock had closed at $135.00 on the previous day. The total traded volume was 1,922,645 shares.
Also, Morgan Stanley initiates coverage on Boeing Company (The) (NYSE:BA) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $153 per share. The rating by the firm was issued on June 23, 2016.
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.