The Boeing Company ($BA) Stock Forecast: Down 3.4% Today

What is The Boeing Company?

Boeing Co. (NYSE: BA) is a renowned aerospace company known for its commercial airplanes, defense products, and space technologies. Today, the stock experienced a significant bearish movement amidst various developments in the company and the aerospace industry.

Why is The Boeing Company going down?

BA stock is down 3.4% on Sep 3, 2024 14:40

• The potential strike by 32,000 Boeing workers looming as the contract expiration nears could have instilled uncertainty among investors, leading to a bearish sentiment.
• The investigation into the merger between Spirit Aerosystems Holdings, Inc. and Boeing might have raised concerns about potential disruptions or challenges in the integration process, impacting Boeing's stock negatively.
• The issues faced by Boeing's Starliner spacecraft, including thruster failures and helium leaks, leading to astronauts being stranded at the ISS, could have added to the negative sentiment surrounding the company's space ventures, contributing to the bearish movement.
• The expansion of Boeing's facility in Mississippi to support aerosystem demand, while positive in the long term, might not have been sufficient to offset the overall negative market sentiment surrounding the company today.

BA Price Chart

BA News

Boeing Shares Dip In Pre-Market As 32K Workers Plan Company's First Strike In 16 Years - Boeing ( NYSE:BA )

In a recent development, Boeing Co. BA saw a minor pre-market dip on Tuesday. The decline comes in the wake of a potential strike by 32,000 of the company's workers. What Happened: The contract between Boeing and the International Association of Machinists is on the brink of expiration on Sep. 12.

https://www.benzinga.com/news/24/09/40681758/boeing-shares-dip-in-pre-market-as-32k-workers-plan-companys-first-strike-in-16-years

Boeing to Expand Facility in Mississippi & Support Aerosystem Demand

BA to expand its manufacturing facility in Mississippi to produce composite components for executive aircraft.

https://www.zacks.com/stock/news/2330404/boeing-to-expand-facility-in-mississippi-support-aerosystem-demand

SPR INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Spirit Aerosystems Holdings, Inc. and Encourages Investors to Contact the Firm! - Spirit AeroSystems Hldgs ( NYSE:SPR ) , Boeing ( NYSE:BA )

NEW YORK, Sept. 01, 2024 ( GLOBE NEWSWIRE ) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Spirit Aerosystems Holdings, Inc. ( "Spirit" ) SPR and The Boeing Company ( "Boeing" ) BA. Investors who purchased Spirit and continue to hold to the ...

https://www.benzinga.com/pressreleases/24/09/g40669424/spr-investor-alert-bronstein-gewirtz-and-grossman-llc-announces-an-investigation-into-spirit-aeros

Boeing''s Starliner is coming back without a crew on September 6

The Starliner is scheduled to undock from the International Space Station and to make its way back to Earth at 6:04PM Eastern time on September 6 at the earliest. If the weather cooperates and the spacecraft leaves the ISS as planned, it will be landing at White Sands Space Harbor in New Mexico with the help of parachutes to slow its descent and inflated airbags at around 12:03AM ET on September 7. While the ground teams at Starliner Mission Control in Houston and at Boeing Mission Control Center in Florida can control the spacecraft remotely if needed, it will be an uncrewed, fully autonomous flight for the Starliner. NASA recently announced that Butch Wilmore and Suni Williams, the astronauts that headed to the ISS aboard the Starliner for its first crewed flight, will be coming home on a SpaceX Crew Dragon instead. Wilmore and Williams flew to the ISS in June and were only supposed to spend a little more than a week on the orbiting laboratory. On the way there, however, five of the spacecraft''s maneuvering thrusters had failed, and its helium leak problem that previously caused its launch to be pushed back had worsened.

https://www.engadget.com/science/space/boeings-starliner-is-coming-back-without-a-crew-on-september-6-140023545.html?src=rss

NASA Revamps SpaceX's Crew 9 Lineup To Make Room For Astronauts Stranded At ISS Due To Boeing's Starliner Issues - Boeing ( NYSE:BA )

Only two astronauts will launch on NASA's upcoming SpaceX Crew-9 mission instead of four to accommodate the two astronauts who arrived at the station aboard Boeing's BA Starliner spacecraft, the space agency said on Friday.

https://www.benzinga.com/news/24/08/40665221/nasa-revamps-spacexs-crew-9-lineup-to-make-room-for-astronauts-stranded-at-iss-due-to-boeings-starli

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The Boeing Company Price History

25.03.2024 - BA Stock was down 5.3%

• One of Boeing's major clients, Southwest Airlines, faced increased losses and anticipated airplane delays that could impact Boeing's future sales and revenue growth until 2025.
• The market sentiment was negative, influenced by disappointing tech earnings and caution ahead of upcoming economic data releases, leading to a lower opening for US stocks. This sentiment likely contributed to Boeing's stock decline.
• Analyst opinions on Boeing stock vary, with Citi expressing optimism despite adjusting profit targets to account for future challenges, while Goldman Sachs maintains a buy rating. This mixed outlook from analysts may have contributed to the volatility in Boeing's stock price.

24.04.2024 - BA Stock was down 5.6%

• Boeing saw a six-fold increase in employee concerns regarding product safety and quality, which likely raised doubts among investors about the company's future performance.
• Negative cash flow projections for 2024 and delivery delays, as mentioned by the CFO, contributed to the stock's decline.
• The ongoing discussion with NASA about the delayed crewed Starliner launch might have added uncertainty to Boeing's outlook, impacting investor sentiment.
• The tarnished reputation of Boeing due to past incidents and the general negative trend in the market could have further fueled the bearish movement of the stock.

25.03.2024 - BA Stock was down 5.9%

• Boeing shares fell around 2.9% following the release of their first-quarter financial results, indicating a bearish market sentiment.
• Investor optimism improved slightly as seen in the overall market sentiment, with the Fear and Greed index showing some improvement, although it remained in the "Fear" zone.
• The bearish movement in Boeing's stock could be attributed to concerns over their quarterly results and the potential long recovery route ahead, especially with ongoing issues such as Boeing's delivery delays and the need for a new CEO.
• The market may be reacting to the uncertainty surrounding Boeing's future strategic decisions, such as a potential buyout of supplier Spirit AeroSystems Holdings, Inc., as mentioned by a bullish analyst.

20.07.2024 - BA Stock was down 5.3%

• Boeing (BA) experienced a bearish movement due to safety concerns and structural issues with its 777X jetliners, leading to the grounding of the test fleet.
• The discovery of cracks in the structure of the 777X jetliner during test flights added to the company's ongoing challenges and mishaps.
• Mandatory inspections for Boeing 787 Dreamliners by the US Federal Aviation Administration (FAA) further contributed to the negative sentiment surrounding Boeing's stock.
• The combination of safety crises, structural problems, and regulatory scrutiny likely led to investor concerns and the bearish market movement for Boeing (BA) stock.

03.08.2024 - BA Stock was down 3.4%

• The potential strike by 32,000 Boeing workers looming as the contract expiration nears could have instilled uncertainty among investors, leading to a bearish sentiment.
• The investigation into the merger between Spirit Aerosystems Holdings, Inc. and Boeing might have raised concerns about potential disruptions or challenges in the integration process, impacting Boeing's stock negatively.
• The issues faced by Boeing's Starliner spacecraft, including thruster failures and helium leaks, leading to astronauts being stranded at the ISS, could have added to the negative sentiment surrounding the company's space ventures, contributing to the bearish movement.
• The expansion of Boeing's facility in Mississippi to support aerosystem demand, while positive in the long term, might not have been sufficient to offset the overall negative market sentiment surrounding the company today.

25.03.2024 - BA Stock was down 5.3%

• Boeing's stock experienced a bearish movement recently, potentially influenced by various factors:
• American Airlines CEO discussing the impact of Boeing's delivery delays, which could have raised concerns among investors about the company's operational efficiency and financial performance.
• Southwest Airlines warning about Boeing airplane delays affecting its growth, signaling potential revenue challenges for Boeing in the near future.
• Overall negative sentiment in the market, with tech earnings disappointments and caution ahead of key economic data releases, leading to a broader market decline that may have also impacted Boeing's stock price.
• The focus on defense stocks and concerns about overvaluation in the sector could have shifted investor attention away from aerospace companies like Boeing, contributing to the bearish movement in the stock.

24.03.2024 - BA Stock was down 5.3%

• Despite exceeding earnings expectations, Boeing's stock displayed a significant downward trend, possibly reflecting ongoing investor apprehensions regarding the company's future.
• Comments from Ryanair's CEO cautioning against having a pilot head an airline may have contributed to the negative outlook on Boeing, underscoring the continued difficulties in rebuilding trust and reputation.
• Reports of Boeing needing to adjust pricing strategies to rebuild trust imply market doubts about the company's recovery and competitive positioning in the aerospace industry.
• While Wall Street responded positively to Boeing's reduced Q1 loss, broader market movements may be guided by general economic conditions and investor sentiment towards the aerospace sector.

23.06.2024 - BA Stock was up 5.0%

• Boeing's stock surged as the company announced winning contracts for additional 777-9 planes from Qatar Airways, indicating strong demand for its aircraft.
• Despite the positive news, concerns were raised as a Boeing executive admitted the company had failed commitments to suppliers, potentially impacting its supply chain and operations.
• The agreement with Antonov for military cooperation, including drone maintenance, could open up new revenue streams for Boeing in the defense sector.
• The frustration expressed by UAE's flydubai over Boeing delays in delivering B737 MAX aircraft may have raised concerns, but the overall market sentiment was uplifted by the positive contract wins and military cooperation agreements.

01.07.2024 - BA Stock was down 5.0%

• Boeing reported a quarterly loss of over $1.4 billion, adding to its total losses on the Starliner program, which reached $1.6 billion. This financial performance likely contributed to the bearish movement in the stock.
• The company's decision to appoint a new CEO might have also impacted investor sentiment, as the market assesses the potential impact of new leadership on Boeing's future strategies and performance.
• The shift in Boeing's hiring practices, focusing more on engineers from India rather than China, could be seen as a strategic move to diversify talent pools and reduce dependence on a single region, but it might have raised questions about the company's long-term plans and operational stability.

01.07.2024 - BA Stock was down 5.1%

• Boeing's second-quarter earnings miss and revenue decline of 15% year-over-year contributed to the bearish movement.
• The appointment of a new CEO, Robert "Kelly" Ortberg, an outsider to Boeing with a background in aerospace, raised concerns about the company's ability to rebound from operational problems.
• The reported hefty loss, coupled with ongoing issues such as the additional $125 million loss on the troubled Starliner spacecraft, further dampened investor confidence in Boeing's performance.
• Analysts raising price forecasts amidst these challenges may indicate a belief in the company's long-term potential, but the current operational struggles are overshadowing any positive outlook, leading to the bearish market movement.

02.07.2024 - BA Stock was down 7.3%

• The bearish movement in Boeing's stock today can be attributed to the ongoing issues with its Starliner spacecraft, including delays in its return from the International Space Station and projected losses of at least $125 million.
• The indefinite delay in the Starliner's return, coupled with the deepening financial troubles reported by Boeing, has likely raised concerns among investors about the company's space exploration ventures.
• Despite the promising future outlook for space stocks driven by projects like NASA's Artemis 2 Moon orbit, Boeing's specific setbacks with the Starliner have overshadowed the positive industry trends, impacting its stock performance negatively.
• Investors may be cautious about Boeing's ability to navigate the challenges in its space division and the overall impact on its financial health, leading to the bearish movement in the stock today.

02.07.2024 - BA Stock was down 5.1%

• The bearish movement in Boeing's stock today could be attributed to the ongoing uncertainty surrounding NASA's decision on whether to continue using Boeing's Starliner capsule to return astronauts to Earth, or switch to SpaceX.
• The delay in NASA's decision-making process and the continuous discussions around the reliability of Boeing's Starliner capsule might have contributed to the negative sentiment towards Boeing's stock.
• The bullish options activity on Boeing, with a significant percentage of investors opening trades with optimistic expectations, indicates a divergence in market sentiment and suggests that some investors still believe in the company's long-term potential.
• Boeing's renewed emphasis on its Seattle-area operations with the appointment of a new CEO might not have had an immediate positive impact on the stock price, as investors might be more focused on the company's space-related developments and contracts with NASA.