Why Boeing Stock Popped 5% on Monday
Score one for Boeing (NYSE: BA) and Dennis Muilenburg.
Speaking at an investor conference in September, the Boeing CEO predicted that despite all the obstacles it's encountered, the Boeing 737 MAX airliner would still return to service in the fourth quarter. Over this past weekend, the CEO doubled down on that prediction -- but also laid out a plan to resume shipping MAX aircraft to airline customers, even if federal regulators fail to approve a new training regimen for pilots who will fly the plane.
Boeing stock closed Monday trading up 4.7% in response to the news.
Source Fool.com
