Taking this into account, Wells Fargo downgraded its Boeing Co. [BA] rating to an Underweight from a an Equal weight in a research note published on September 03, 2024; the price target was decreased to $119 from $185. A number of analysts have revised their coverage, including Bernstein’s analysts, who remained covering the stock and in early August has reiterated a ‘”an Outperform”‘ rating for it. Argus also remained covering BA and has decreased its forecast on April 30, 2024 with a “Hold” recommendation from previously “Buy” rating. Northcoast revised its rating on April 17, 2024. It rated BA as “a Sell” which previously was an “a Neutral”.
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Price Performance Review of BA
On Tuesday, Boeing Co. [NYSE:BA] saw its stock jump 1.43% to $154.22. Over the last five days, the stock has lost -1.02%. Boeing Co. shares have fallen nearly -40.83% since the year began. Nevertheless, the stocks have fallen -19.54% over the past one year. While a 52-week high of $267.54 was reached on 01/02/24, a 52-week low of $151.24 was recorded on 10/01/24. SMA at 50 days reached $167.58, while 200 days put it at $188.83.
Levels Of Support And Resistance For BA Stock
The 24-hour chart illustrates a support level at 150.34, which if violated will result in even more drops to 146.46. On the upside, there is a resistance level at 157.25. A further resistance level may holdings at 160.28. The Relative Strength Index (RSI) on the 14-day chart is 41.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.24%. Stochastics %K at 26.14% indicates the stock is a holding.
How much short interest is there in Boeing Co.?
A steep rise in short interest was recorded in Boeing Co. stocks on 2024-09-13, dropping by -0.95 million shares to a total of 12.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.56 million shares. There was a decline of -7.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 11, 2024 when BofA Securities resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $190.
