In recent observations of the Boeing Company (NYSE:BA), the stock price has experienced slight fluctuations with an overall increase of 0.2% followed by another of 1.3%. Boeing has witnessed several changes in stock holdings by major banks, among them, the Bank of Nova Scotia has sold their shares, while Franklin Resources Inc., Focus Financial Network Inc., and TD Asset Management Inc. have bought substantial amounts. Qatar Airways is preparing a substantial planes order from Boeing and Airbus. Boeing, additionally, has secured a $499M contract from the U.S. Air Force and a $7.5B contract for the JDAM Program. However, the company's CFO comments regarding continued cash burn this quarter caused a drop in stock prices.
On the downside, Boeing's Q1 2024 Earnings Call Transcript indicated a $355 million loss, slowing down the 737 Max production. The company has faced legal actions with a class action filed by Pomerantz Law Firm. Although faced with challenges and losses, some analysts consider the stock undervalued and a credible long-term investment, citing oversized institutional ownership and potential gains despite crisis situations.
Boeing Company BA News Analytics from Wed, 25 Oct 2023 18:23:39 GMT to Sun, 02 Jun 2024 19:34:06 GMT - Rating 3 - Innovation 5 - Information 7 - Rumor -6
