The Boeing Company jumped up 1.6% Wednesday to 239.56$ per share with 12 Million trades on the books. The stock down from 22-day price average of 246.23$ though it's still up almost 12% for the year. Currently Boeing was trading around 169x forward earnings.
Boeing has trended frequently throughout the pandemic as the airplane manufacturer has struggled to get its numbers of the ground.
From crashed planes to FAA entanglements, Boeing just can't seem to get it right. The lastes debacle for the company came when the FAA refused the clear the upcoming 777X for take off, pushing the company's timeline back substantially after a report cited numerous problems with the plane's performance and schematics.
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