Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Boeing Company shares valued at $1,044,550 were purchased by KELLNER LAWRENCE W on Feb 14. At $208.91 per share, KELLNER LAWRENCE W acquired 5,000 shares. The insider’s holdings grew to 7,500 shares worth approximately $1.0 million following the completion of this transaction.
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Also, MOLLENKOPF STEVEN M purchased 480 shares, netting a total of over 100,027 in proceeds. Following the buying of shares at $208.39 each, the insider now holds 1,632 shares.
Before that, Dandridge Edward Lee had sold 990 shares from its account. In a trade valued at $219,651, the SVP, Communications traded The Boeing Company shares for $221.87 each. Upon closing the transaction, the insider’s holdings decreased to 990 shares, worth approximately $1.4 million.
As published in a research note from Citigroup on June 16, 2022, The Boeing Company [BA] has been rated up from a Neutral to a Buy and the price target has been revised to $209 from $219. This represents a 35.9% premium over Thursday’s closing price. As of November 18, 2021, JP Morgan has increased its “Neutral” rating to a “an Overweight” for BA. Earlier on November 17, 2021, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for BA stock which previously was a “an Equal weight”.
Analyzing BA’s Price Performance
On Thursday, The Boeing Company [NYSE: BA] plunged -2.33% to $133.97. The stock’s lowest price that day was $130.0917, but it reached a high of $137.42 in the same session. During the last five days, there has been a surge of approximately 0.19%. Over the course of the year, The Boeing Company shares have dropped approximately -33.45%. Shares of the company reached a 52-week high of $229.67 on 01/18/22 and a 52-week low of $113.02 on 06/14/22. A 50-day SMA is recorded $143.61, while a 200-day SMA reached $190.43. Nevertheless, trading volume fell to 10.73 million shares from 7.72 million shares the previous day.
Support And Resistance Levels for The Boeing Company (BA)
According to the 24-hour chart, there is a support level at 130.23, which, if violated, would cause prices to drop to 126.50. In the upper region, resistance lies at 137.56. The next price resistance is at 141.16. RSI (Relative Strength Index) is 48.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.43, which suggests the price will increase in the coming days. Percent R is at 28.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The Boeing Company subject to short interest?
Stocks of The Boeing Company saw a sharp rise in short interest on Apr 28, 2022 jumping by 2.24 million shares to 8.81 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 6.57 million shares. A jump of 25.43% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.98 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.98.
Which companies own the most shares of The Boeing Company (BA)?
According to Newport Trust Co. filings, the company currently owns 43,510,241 shares, which is about 7.35% of the total BA shares outstanding. The investor’s shares have plunged by -395,799 from its previous 13-F filing of 43906040.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $5,426,056,303. SSgA Funds Management, Inc. reduced a -0.01% interest valued at $3.5 billion while BlackRock Fund Advisors sold a -354,737 stake. A total of -626,216 shares of The Boeing Company were sold by Loomis, Sayles & Co. LP during the quarter, and 2,229,834 were bought by Fidelity Management & Research Co. In its current portfolio, Geode Capital Management LLC holds 8,862,120 shares valued at $1.16 billion.
In terms of The Boeing Company share price expectations, FactSet research, analysts set an average price target of $213.95 in the next 12 months, up nearly 56.02% from the previous closing price of $137.16. Analysts anticipate The Boeing Company stock to reach $298.00 by 2022, with the lowest price target being $130.00. In spite of this, 24 analysts ranked The Boeing Company stock as a Buy at the end of 2022. On October 22, 2021, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and initiated coverage with a $275.