BA stock is gaining more than 10% today waiting for news

BA stock news

At 1:30 PM, ET time today, BA stock is at 187.50,+17.49 (+10.29%). Shares of Boeing (NYSE:BA) are gaining today as the company is expecting key certification test flights.

“A Boeing Co 737 MAX took off on Monday at 12:55 p.m. EDT (0955 PDT/1655 GMT) from a Seattle-area airport on the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots, a crucial moment in the planemaker’s worst-ever crisis.

Boeing Flight 701 departed King County International Airport, which is also known as Boeing Field, the FAA confirmed, saying it will conduct three days of tests. The plane is scheduled to land two hours later at Moses Lake airport, according to flight tracking website FlightAware.

The plane is then scheduled to depart Moses Lake soon afterward, arriving back in Seattle at 1:22 p.m. PDT.

Boeing shares were up 10% at $186.86 on the news.

Reuters first reported the long-awaited certification test flights were set to start on Monday.

The FAA said on Monday the flights will “evaluate Boeing’s proposed changes to the automated flight control system on the 737 MAX” and “will include a wide array of flight maneuvers and emergency procedures to assess whether the changes meet FAA certification standards.”

The agency said it will take the time needed “to thoroughly review Boeing’s work. We will lift the grounding order only after we are satisfied that the aircraft meets certification standards.”

Boeing’s best-selling 737 MAX has been grounded since March 2019 after two fatal crashes killed 346 people. The U.S. Justice Department is investigating the airplane’s certification.

After the flights are completed, the FAA must still approve new pilot training procedures, among other reviews, and would not likely approve the plane’s ungrounding until September, sources said.

If that happens, the jet is on a path to resume U.S. service before year-end, though the process has been plagued by delays for more than a year.”

Stock market data: https://finance.yahoo.com/news/boeing-737-max-begins-key-171606394.html

BA stock chart

BA stock chart
BA stock chart

Stock market data: Stockscharts, as of 1:34 PM, ET time on June 29, 2020, stock market open.

Boeing stock price weekly performance for June 5, 2020

Boeing (BA) stock price performance for the week ending on June 5, 2020

Boeing Co. (BA) stock price performance for the week ending on June 5, 2020, was +35.70%. Boeing (BA) stock price at the close on June 5, 2020, was 205.43+21.13 (+11.46%). The stock has a 52-week range of 89.00 – 391.00, and a P/E ratio that is N/A. BA stock has a YTD performance of -36.94%. Shares of Boeing Co. (NYSE:BA) have a beta of 1.49, and the company has a market cap of $115.93B.

Stock market data: MarketWatch

BA stock chart

Boeing Co. (BA) stock chart
BA stock chart

Stock market source: Stockscharts, daily chart for BA stock as of June 5, 2020

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Boeing stock has a very important fundamental key metric that is negative

Boeing stock news

At 2:56 PM, Tuesday, April 7, 2020, Eastern Time (ET) Boeing stock price is at 140.63-8.14 (-5.47%). The Boeing Company (BA) stock has a very important fundamental key metric that many investors and traders seem to ignore. What is this fundamental key metric?

A negative total stockholders’ equity. Total stockholders’ equity for Boeing stock is -8,617,000 (All numbers in thousands) as of 12/30/2019, shown on the balance sheet.

Source: Yahoo Finance

Why is this negative total stockholders’ equity important for Boeing stock?

“Shareholders’ equity represents a company’s net worth (also called book value) and measures the company’s financial health. If total liabilities are greater than total assets, the company will have a negative shareholders’ equity. A negative balance in shareholders’ equity is a red flag that investors should investigate the company further before purchasing its stock.”

Source: https://www.investopedia.com/ask/answers/08/negative-shareholder-equity.asp

Why Does Negative Shareholder Equity Happen?

“When shareholder equity turns negative, frequently this is a sign of trouble. Generally you see negative equity most often when there are accrued losses that sit on the balance sheet.”

Source: https://www.mrtakoescapes.com/whats-deal-negative-shareholder-equity/

BA stock had a weekly performance of +70.51%

BA stock

The Boeing Company (BA) stock closed at 162.00-18.55 (-10.27%) on Friday, March 27, 2020. This is a 5-day change of +70.51% for the BA stock price.

The Boeing Company (BA) stock daily chart
The Boeing Company (BA) stock daily chart

BA stock news, Boeing stock

Stock market data: MarketWatch, Stockscharts

Boeing stock makes a 3-day rally

Boeing stock has made a 3-day rally, has bounced almost 75% off its lows

Boeing share price closed at $158.73+31.05 (+24.32%) on Wednesday, March 25, 2020. In the past 3 days, Boeing stock has rallied almost 75%. BA stock price was about $90 three days ago. At 8:24 Thursday, March 26, 2020, Eastern Time (ET), in the pre-market trading BA stock price is at $162.00 +3.36 (2.12%).

Boeing stock news

“The promise of a $2 trillion stimulus program was received with widespread relief across Wall Street, none more so than by investors of beleaguered airline Boeing (BA). BA stock jumped over 60% in the past 3 trading sessions. Yet, even following the surge, Boeing’s share price is down by 50% year-to-date. So, following months of the stock’s decline, is Boeing finally on the mend?”

Source: https://finance.yahoo.com/news/boeing-presses-survival-mode-analysts-205142525.html

Boeing (BA) stock daily chart
Boeing (BA) stock daily chart

Boeing stock is up today more than 15%

Boeing stock price today

At 12:01 PM, Tuesday, March 24, 2020, Eastern Time (ET) Boeing stock price is at 123.55+17.93 (+16.98%). The news related to this jump for Boeing stock price is:

“Boeing Co. (BA) shares surged higher Tuesday after it stuck to forecasts for mid-year return for the 737 MAX and investors bet a Senate coronavirus stimulus bill could steer billions towards the troubled planemaker.

Boeing CEO David Calhoun told CNBC that he still expects the flagship plane, which was grounded last year following two fatal crashes that took the lives of 346 people, to get FAA approval to return to service in early summer. The current Senate relief package, which could reach $2.5 trillion, is also likely to provide loan guarantees and grants to the U.S. aviation and aerospace industries, which have been ravaged by the global coronavirus pandemic.

“We’re very close to the finish line,” Calhoun said of the 737 MAX return, adding that there were “a lot of options for us in the private markets, but the credit markets have to be open” when asked about the planemaker’s request for $60 billion in financial aid. “

Source: https://www.thestreet.com/investing/boeing-surges-after-ceo-sticks-to-mid-2020-737-max-return

Boeing stock daily chart

Boeing (BA) daily stock chart, March 24, 2020
Boeing (BA) daily stock chart, March 24, 2020

Boeing stock plunges 18%

Boeing stock fell and made a 52-week low

Boing shares fell 18% on Wednesday, March 11, 2020, hitting a 52-week low at $187. These news made the Boing stock plunge:

“JP Morgan analysts have given up on their long-term “overweight” call on Boeing Co shares, cutting their price target for the company by $160 to just $210 dollars in a note to clients on Thursday.

The bank, which now rates Boeing “neutral”, said the added hit from the coronavirus to airlines made it impossible to stick with its call that investors should wait out the grounding of the company’s 737 MAX planes this year.

Boeing said on Wednesday it was freezing new hiring and overtime except in certain critical areas to preserve cash, and the company is also moving to draw down funds from existing loan facilities as it battles the worst crisis in its history.” Source: https://finance.yahoo.com/news/jp-morgan-abandons-boeing-buy-093927182.html

Boeing stock falls 18% after customers canceled orders for the MAX airplane

“Boeing announced a number of MAX order cancellations when it provided its monthly update on Wednesday. Air Canada (AC.Canada) canceled 11 MAX jets. Japan Investment Adviser canceled another 10 MAX jets. Other customers converted MAX orders into different aircraft, such as Boeing 787s. The overall net February order number was minus 28.”

Source: https://www.barrons.com/articles/boeing-stock-breaks-below-200-after-737-max-order-cancellations-51583953839?siteid=yhoof2&yptr=yahoo

Boeing stock daily chart

Boeing stock daily chart
Boeing stock daily chart

The Boeing stock daily chart shows the selling pressure for BA stock after closing below the 50-day and 200-day moving averages.