How to Trade Boeing After 737 MAX Approval

Boeing  (BA) – Get Report shares continue to fly higher, rising 6.2% as markets opened Wednesday after the Federal Aviation Administration lifted its ban on the company’s 737 MX jet.

The FAA approved the jet for commercial flights, which has been grounded for 20 months. The 737 MAX is now deemed safe to fly, a decision the FAA said it was “100% confident” about.

On the plus side, the stock is still up on the day, higher by about 2%. On the downside though, Boeing opening print of $223.02 also is its high on the day. 

Source link

Bluegrass Direct News

The Latest News Sports, and Relative Content