Boeing Stock

Boeing Stock:

While the Boeing 787 gained altitude during its first flight, Boeing stock fell on Tuesday. Boeing shares were down about 1 percent at take-off and stayed down during the flight.

The Boeing 787 first flight came two years later than originally planned. It seems the market needs to see more than just a successful take-off before confidence in Boeing is boosted.

Even more important to the market, and Boeing stock prices, will be
Boeing’s ability to deliver the actual 800-plus planes already ordered on time, according to The Wall Street Journal’s Market Watch. The planes are set to be delivered about a year from now and the market will be watching closely.

Boeing stock overall is up 18 percent since the end of October and a total of 30.5 percent in 2009, according to a Reuters report.

Investors will turn their attention the unresolved technical challenges, such as the plane’s construction in sections by suppliers all over the world and higher costs related to the planes delay, according to Reuters. Analysts say shares in Boeing stock might sell off after the Boeing 787 first flight.

Comment (1)

kunal dusane

February 23, 2015 at 1:06 PM

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