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Why Airbus Stock Popped Thursday

TheMotleyFool 
0 0 26.06.25
Why Airbus Stock Popped ThursdayPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png
 

Airbus (OTC: EADSY) stock rose strongly on Thursday to close the day up 3.7%, on some disturbing news for a competitor. Over in England, the British Competition and Markets Authority is reportedly looking into 's plan to (re-)acquire Spirit AeroSystems... with an eye to forbidding it.

Image source: Getty Images.

Once upon a time, Spirit was part of Boeing. But in 2005, Boeing spun off Spirit in a move designed to boost profits. That didn't work out as planned, however, so roughly one year ago, Boeing announced it would buy back its former fuselage manufacturing subsidiary for $4.7 billion.

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Source Fool.com

Boeing Co. Stock

€202.75
0.470%
Boeing Co. gained 0.470% compared to yesterday.
The stock is one of the favorites of our community with 41 Buy predictions and 2 Sell predictions.
As a result the target price of 230 € shows a slightly positive potential of 13.44% compared to the current price of 202.75 € for Boeing Co..
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