Why Boeing Stock Is Soaring Today
Shares of Boeing (NYSE: BA) are moving higher Tuesday. The company's stock gained 4.1% as of 1:20 p.m. ET, but was up as much as 7.6% earlier in the day. The move upward comes as the S 500 and Nasdaq Composite gained 0.8% and 1.8%, respectively.
Boeing reported earnings Tuesday morning and despite a nearly $12 billion loss for 2024, shares were up.
The embattled plane maker released its Q4 and fiscal year 2024 numbers, revealing its largest loss since 2020. Boeing lost $11.8 billion in 2024, including a painful $5.4 billion loss from its once-lucrative defense segment -- competitor RTX reported $7.7 billion in net income for the year.
Source Fool.com
Boeing Co. Stock
€198.36
0.080%
Our community is currently high on Boeing Co. with 49 Buy predictions and 14 Sell predictions.
However, we have a potential of -5.22% for Boeing Co. as the target price of 188 € is below the current price of 198.36 €.
