Boeing surges on end-of-month prediction on deliveries
Boeing shares rose more than 6% in early trading after Bank of America analysts projected that the embattled jet and rocket maker would see an unexpected rise in deliveries at the end of March.
March deliveries for the Boeing 737 jet are expected to exceed February’s total and potentially match January’s levels of 40 units, the analysts wrote. There is usually an end-of-quarter deliveries push, they noted. Meanwhile, the Boeing 787, a larger plane, saw no deliveries so far this month, though five are expected.
The company’s stock has been on a rollercoaster ride in the past year or so since one of its passenger planes fell apart midair and its Starliner left astronauts stranded in space.
March deliveries for the Boeing 737 jet are expected to exceed February’s total and potentially match January’s levels of 40 units, the analysts wrote. There is usually an end-of-quarter deliveries push, they noted. Meanwhile, the Boeing 787, a larger plane, saw no deliveries so far this month, though five are expected.
The company’s stock has been on a rollercoaster ride in the past year or so since one of its passenger planes fell apart midair and its Starliner left astronauts stranded in space.
