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Boeing Stock Is Recovering, But It’s Not a Buy Yet
Given the recent run-up in Boeing stock, it may be timely to take some money off the table
Dec 18, 2020, 2:42 pm EDT
December 18, 2020
Boeing (NYSE:
BA) stock have not had a good year in 2020. Year-to-date, BA stock is down about 32%. However, Boeing shares have recovered over 115% since the lows hit in early spring. A large part of these gains has come since early November and BA stock is up about 47% in the past six weeks.
Source: Marco Menezes / Shutterstock.com
Boeing is our largest exporter and a top global innovator among aerospace and defense companies. With a global reach that extends to almost 150 countries, it is one of the most important companies in its sector. Boeing also holds over 15,000patents and has 11 research and development (R&D) centers worldwide. Therefore, both Boeing and its share price get significant attention.