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Boeing Co (BA) receives a Mkt perform rating from Bernstein

Boeing Co’s filing revealed that its Officer Theodore Colbert III acquired Company’s shares for reported $1.51 million on Nov 26 ’24. In the deal valued at $150.76 per share,10,000 shares were bought.

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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”.

Price Performance Review of BA

On Tuesday, Boeing Co [NYSE:BA] saw its stock fall -0.98% to $155.00. Over the last five days, the stock has gained 1.24%. Boeing Co shares have fallen nearly -40.54% since the year began. Nevertheless, the stocks have fallen -33.72% over the past one year. While a 52-week high of $267.54 was reached on 01/02/24, a 52-week low of $137.03 was recorded on 11/15/24. SMA at 50 days reached $151.53, while 200 days put it at $172.22.

Levels Of Support And Resistance For BA Stock

The 24-hour chart illustrates a support level at 154.06, which if violated will result in even more drops to 153.13. On the upside, there is a resistance level at 156.29. A further resistance level may holdings at 157.58. The Relative Strength Index (RSI) on the 14-day chart is 56.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.94%. Stochastics %K at 83.55% indicates the stock is a selling.

How much short interest is there in Boeing Co?

A steep rise in short interest was recorded in Boeing Co stocks on 2024-11-15, growing by 8.13 million shares to a total of 22.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 14.42 million shares. There was a rise of 36.04%, 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.

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