Boeing Stock Forecast: Latest Price
|Share Volume||6.13 K||Lower|||
|Forward PE (1 Year)||-97.88||N/A|||
Boeing Stock Forecast: Performance Chart
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Boeing Stock: The 737 Crash in China
A China Eastern Airlines Boeing 737 was involved in an accident in Wuzhou, Guangxi. Flight MU5735 was flying from Kunming, the capital of Yunnan province, to Guangzhou in Guangdong province. There were 123 passengers and nine crew members onboard the plane. According to FlightRadar24, the plane dropped at a final rate of 29,000 feet per minute, sparking a mountainside fire. The cause of the crash has yet to be determined. The black box, as well as survivors, are being sought by rescue personnel.
The confidence of investors in Boeing has been affected by the plane tragedy in China. The value of the stock has fallen. However, the rest of the aerospace supply chain is performing better, suggesting that the tragedy would not have the same impact on the sector as two fatal crashes of Boeing’s MAX aircraft a few years ago.
Boeing Stock Forecast 2022
Boeing Stock Forecast: Second-Quarter Earnings Summary
Boeing announced the second quarter 2022 earnings report on 27 July 2022. Global return to service of the 737 MAX continues, with progress in China. Boeing reported revenue of $16.7 billion and an operating cash flow is $0.1 million. The GAAP earnings per share was $0.32, and the core (non-GAAP)* loss per share was ($0.37).
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