In the meantime, Bernstein reiterated its Boeing Co. [BA] rating to an Outperform in a research note published on October 17, 2024; the price target was $195. A number of analysts have revised their coverage, including DZ Bank’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Wells Fargo also remained covering BA and has decreased its forecast on September 03, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Bernstein maintained its rating on August 05, 2024. It rated BA as “an Outperform”.
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Price Performance Review of BA
On Tuesday, Boeing Co. [NYSE:BA] saw its stock jump 1.52% to $152.98. Over the last five days, the stock has lost -4.32%. Boeing Co. shares have fallen nearly -41.31% since the year began. Nevertheless, the stocks have fallen -14.86% over the past one year. While a 52-week high of $267.54 was reached on 01/02/24, a 52-week low of $146.02 was recorded on 10/14/24. SMA at 50 days reached $158.68, while 200 days put it at $179.26.
Levels Of Support And Resistance For BA Stock
The 24-hour chart illustrates a support level at 148.38, which if violated will result in even more drops to 143.77. On the upside, there is a resistance level at 156.79. A further resistance level may holdings at 160.59. The Relative Strength Index (RSI) on the 14-day chart is 46.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.05%. Stochastics %K at 39.46% 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 2024-10-15, growing by 1.81 million shares to a total of 14.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.61 million shares. There was a rise of 12.57%, which implies that there is a positive sentiment for the stock.
