Boeing Stock Price / Trend
To me, Boeing Company represents a corporation that is reliable. It's a bit weird, since the odds of me owning something of Boeing Company are close to negligible. What are the odds of me owning a Boeing 747 or its latest Dreamliners? But, for me Boeing represents stability, reliability, and trust. Almost every major carrier of world carrying hundreds of thousands, if not millions of people each day uses Boeing Airplanes. Boeing and Airbus represent the bulk of commercial planes manufacturers, with competition between them intensifying each year. Airbus has made significant progress in increasing its market share but with production delays / glitches of Airbus A380 has lost significant portion of its orders to Boeing.
Boeing Stock Performance
Today, Boeing Company opened at $91.05, up 1.66% or $1.49. The stock opened at $89.95, and reached a high of $92.24 before settling at the closing price. The stock has been trading After Hours at $91.25, up $0.20 at 6:33 PM ET. For the year to date, Boeing opened at $89.17. On Google Finance, Boeing stock has a beta of .73; this means that Boeing stock is less volatile than stock market. More precisely it is 27% less volatile to the swings of the stock market. For the past fifty-two weeks, Boeing Company's stock reached as high as $92.40, and it was traded lowest at $70.30. Its daily average volume shows that Boeing Company stock is traded 3.7 million times. This is significantly less, if one were to compare it with Apple, which is traded 42.87 million times - making it a very active stock compared to Boeing.
Boeing Stock Vs Lockheed Northrop Grumman
Competitors of Boeing include Lockheed Martin Corporation (LMT), Northrop Grumman Corporation, Raytheon Company, Embraer-Empresa Brasileir Aero, and Airbus S.A.S. For the past one year, Boeing Company stock witnessed an increase in value by 27.08%, while Lockheed Martin Corporation stock rose by 44.85%. The Aerospace and Defense Industry seems to have returned a significant return for stockholders, and I am pretty sure the War on Terror have led to an increase in demand for defense related equipment. Northrop Grumman Corporation stock rose by 13.16%, and Raytheon Company by 26.98%. Embraer-Empresa Brasileira de Aeronautica S.A. (Embraer) is a Brazilian company, and off all the companies in the industry, Embraer delivered the lowest increase in stock prices. Embraer-Empresa Brasileira de Aeronautica S.A. (Embraer) stock rose by an abysmal 1.71% while all the other defense company stocks rose by at least over 10%. Embraer-Empresa Brasileira de Aeronautica S.A. (Embraer) stock returns are very disappointing.
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