Taking this into account, Bernstein downgraded its Boeing Co [BA] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Bernstein’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. DZ Bank also remained covering BA and has decreased its forecast on October 15, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo revised its rating on September 03, 2024. It rated BA as “an Underweight” which previously was an “an Equal weight”.
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Price Performance Review of BA
On Tuesday, Boeing Co [NYSE:BA] saw its stock fall -2.54% to $145.17. Over the last five days, the stock has lost -3.86%. Boeing Co shares have fallen nearly -44.31% since the year began. Nevertheless, the stocks have fallen -26.18% over the past one year. While a 52-week high of $267.54 was reached on 01/02/24, a 52-week low of $144.13 was recorded on 11/12/24. SMA at 50 days reached $154.49, while 200 days put it at $176.39.
Levels Of Support And Resistance For BA Stock
The 24-hour chart illustrates a support level at 143.18, which if violated will result in even more drops to 141.19. On the upside, there is a resistance level at 147.83. A further resistance level may holdings at 150.49. The Relative Strength Index (RSI) on the 14-day chart is 39.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.44%. Stochastics %K at 26.98% 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 2024-10-31, growing by 6.14 million shares to a total of 18.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 12.75 million shares. There was a rise of 32.49%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 05, 2024 when Bernstein resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $207.
