Intel stock spikes after report of possible US government stake
Boeing Co (NYSE:BA). shares have reached a 52-week low, dipping to $137.0 as the aerospace giant grapples with ongoing industry headwinds and internal challenges. According to InvestingPro data, the stock shows high volatility with a beta of 1.53, while analyst price targets range from $113 to $220. This latest price level reflects a significant downturn from previous periods, marking a concerning milestone for investors and the company alike. Over the past year, Boeing’s stock has declined 17.67%, with InvestingPro analysis indicating WEAK overall financial health. With earnings due in 19 days, investors seeking deeper insights can access comprehensive analysis and 12 additional ProTips through InvestingPro’s detailed research reports, available for over 1,400 US stocks including Boeing.
In other recent news, Boeing was awarded a $133.5 million contract by the U.S. Department of Defense to expand the P-8A training systems for South Korea. This project involves software development, integration, and device installation, with work primarily conducted in St. Louis, Missouri. Additionally, Boeing is in discussions with the U.S. Department of Justice to revise a plea agreement related to the 737 MAX fraud case. The company previously agreed to admit guilt and pay a penalty of up to $487.2 million.
The National Transportation Safety Board has recommended that the Federal Aviation Administration mandate inspections of door latches on Boeing 757 airplanes following an emergency evacuation incident. The FAA is also urged to address concerns before extending Boeing’s inspection program. Furthermore, Boeing has denied reports of production fluctuations in its 737 MAX aircraft, maintaining that production rates have remained stable throughout the year. These developments are part of a series of recent events affecting Boeing.
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