Why Boeing Stock Is Up Today
Boeing (NYSE: BA) got good news out of China and an upgrade from Wall Street on Wednesday. The stock gained altitude as a result, and was up by about 5% as of midday.
Boeing has flown through a lot of turbulence in recent years -- some of it of the company's own making. The 737 Max, which at one point was thought to have the potential to become the best-selling passenger plane of all time, was grounded for nearly 18 months after a pair of fatal crashes. By the time the issues that led to those accidents were addressed and the jets were cleared by regulators to fly again, the pandemic had tanked air travel passenger volumes and airline revenues, leading to lower demand for new aircraft.
Image source: Boeing.
Source Fool.com
