Boeing (BA) Stock Soars to New Highs on $12.7 Billion Deal

 

Shares of Boeing Co (BA) stock are setting new highs again Wednesday following news that VietJet will be purchasing 100 airplanes from Boeing. The Vietnamese carrier will purchase 80 737 MAX 10s and 20 737 MAX 8s in a deal totaling $12.7 billion. Once the deal is finalized, VietJet will become the largest MAX 10 customer, expanding their fleet to meet demand as part of the company’s growth strategy.

BA stock is trading at $435.19 as of 3:30 PM on Wednesday, Feb 27, an increase of $8.49, or 1.99% from the previous closing price of $426.70. BA stock has traded between $427.15 and $435.70 so far today. Volume today is 3,554,408 compared to average volume of 4,101,981.

Stock Score Report, InvestorsObserver’s proprietary scoring system, gives BA stock a score of 86 out of a possible 100. That score is based on three component scores. A fundamental score of 76, a long-term technical score of 95 and a short-term technical score of 88. 

Our proprietary system combines short and long-term technical factors, Wall Street’s opinion, and other fundamental factors into an overall score that measures a stock’s suitability for investment.

Meanwhile, the major indices are mixed. The S&P 500 is unchanged 0%. The NASDAQ is lower by -0.01%. The Dow Jones Industrial Average is lower by -0.3%.

Get more analysis and trade ideas on Boeing Co (BA) stock.

Symbols: BA

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