Boeing is facing significant financial and structural challenges. The company has reported a
quarterly loss exceeding $6 billion and is considering the
sale of its space business to mitigate losses. The new CEO is focusing on a 'leaner' future, marking a shift in the company's direction. Despite these setbacks, their stock has still been deemed a
'moderate buy' by analysts. Various asset management companies, including Mirae and Private Advisor Group, have increased their stock holdings in Boeing. However, labor issues persist with
union workers rejecting a 35% pay hike. The company also missed its Q3 revenue estimates, and doubts remain about its future in the space industry. The stock price has fluctuated, and the company is awaiting a strike vote as it struggles with cash burn. A potential labor resolution has resulted in a spike in stock, offering a glimmer of hope.
Boeing Company BA News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Sat, 26 Oct 2024 14:03:23 GMT -
Rating -7
- Innovation -4
- Information 5
- Rumor -2
