Why Boeing Soared More Than 22% in July
Shares of Boeing (NYSE: BA) jumped 22.6% in July. Although shares had been trending upward since the beginning of the month, the biggest bump came in the wake of the company's impressive second-quarter earnings report on July 26.
With the company's impressive July performance, the stock is now up more than 65% in the two years since CEO Dennis Muilenberg took the helm.
Sales of Boeing's 787 Dreamliner contributed to the company's impressive cash flow in the second quarter. The stock market rewarded the company's performance by bidding shares up more than 22%. Image source: Getty Images.
Source: Fool.com
Boeing Co. Stock
€166.72
5.810%
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 39.76% for Boeing Co. compared to the current price of 166.72 €.
