Intel stock spikes after report of possible US government stake
Michael J. Cleary, the Controller at Boeing Co . (NYSE:BA), recently sold 1,500 shares of the company’s common stock. The shares were sold at a weighted average price of $179.02, with the transaction amounting to approximately $268,530. The sale occurred as Boeing’s stock, currently trading at $174.63, shows significant volatility with a beta of 1.52. According to InvestingPro analysis, the stock appears overvalued at current levels. Following this sale, Cleary holds 26,949.869 shares directly. Additionally, he has indirect holdings through Boeing’s 401(k) plan and the Executive Supplemental Savings Plan, which are represented by units in the company’s common stock fund rather than direct shares. The transaction comes as Boeing, with a market capitalization of $130.91 billion, maintains an overall "WEAK" Financial Health Score according to InvestingPro’s comprehensive analysis, which offers 8 additional key insights about the company’s performance and outlook.
In other recent news, Boeing is addressing the implications of a significant fire at SPS Technologies’ factory in the Philadelphia area, which could further strain the aerospace supply chain. The company is actively seeking alternative production sources and spare parts to mitigate the impact on its operations. Additionally, Boeing has announced changes in its executive team and board of directors, with Stephanie F. Pope stepping down from her role as Chief Operating Officer to lead Boeing Commercial Airplanes. Sabrina Soussan will not seek re-election to the board, prompting a reduction in its size. In another development, Boeing appointed Jeff Shockey as the Executive Vice President of Government Operations, Global Public Policy & Corporate Strategy. Shockey, returning to Boeing after a period at RTX, will oversee the company’s global public policy initiatives and government relations. These changes reflect Boeing’s ongoing efforts to navigate industry challenges and enhance corporate governance. Meanwhile, BAE Systems (LON:BAES) has announced an expansion of its New York facility to boost its capabilities in aircraft electrification, underscoring the growing focus on sustainable aviation technology.
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