Is It Too Late to Buy Boeing Stock?
Boeing (NYSE: BA) shares have been all over the map in 2020, losing half their value in March alone as part of a broader pandemic-related market sell-off. Since early May the bulls have largely been in control, with Boeing shares adding more than 60% during a six week period.
Investors don't typically buy into companies with $100 billion-plus market caps expecting that sort of volatility, but Boeing, like the airlines it serves, has seen business dramatically impacted by the coronavirus pandemic.
Airlines that just months ago were focused on expansion instead had to switch to survival mode, cutting flights and grounding planes. But beginning in May, signs emerged that travel had bounced off a bottom and airlines have started to rally. Boeing shares have gone along for the ride, making back some of what was lost in the early days of the crisis.
Source Fool.com
