Boeing Company actions reach maximum of one month after exceeding expectations in their quarterly report

  • The Boeing Company (BA) rebukes 5.75% today, reaching a month of one month in 176.58 $.
  • BA obtained revenues for 19.38 billion dollars, above market projections.

The values ​​of The Boeing Company (BA) marked a daily minimum at $ 169.91, attracting aggressive buyers that promoted the price of a maximum of one month not seen since March 28 in 176.58 $. Currently, BA operates over $ 171.62, winning 5.75% on Wednesday.

The Boeing Company reduces losses while looking for alternatives in the midst of the commercial war with China

The leading company in commercial and military aircraft manufacture, The Boeing Company (BA), has a profit of 575% in the day, reaching a month of one month not seen since March 28 in 176.58 $ after the publication of its quarterly report.

BA obtained revenues for $ 19.5 billion compared to $ 19.38 billion expected, reporting a loss per share of $ 0.49 compared to a loss expected by the consensus of $ 1,179. Revenue in the branch of commercial airplanes increased by 75%, reaching 8,150 million dollars.

The aerospace company has faced important obstacles in the midst of the tariff conflict between the United States and China. BA seeks to redirect the airplanes destined for Chinese clients, since they have been rejected by local airlines at the request of the Government of the Asian country.

The Boeing Company (BA) will ask the Federal Aviation Administration for an authorization to increase the production of its 737 Max to 42 plane per month, with the intention of increasing its profits.

Technical levels of The Boeing Company

The BA shares reacted upwards from a short -term support given by the minimum of April 7 at $ 128.89. To the north, the closest resistance is observed in 184.42, maximum of March 24. The next key resistance is at $ 188.66, pivot point of February 18.

4 hours of BA

Source: Fx Street

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