Why Boeing Stock Flew Higher Today

Boeing (NYSE: BA) stock soared 6.5% through 10:30 a.m. ET Wednesday morning after positive comments from CFO Brian West encouraged buyers to return to the stock.Speaking at a Bank of America Global Industrials Conference, West delivered positive updates on Boeing's increasing 737 production and stabilizing production numbers of 787s, on cost-cutting, and free cash flow as well. Boeing burned about $14 billion in cash last year, as The Wall Street Journal reports, but West says the company is "off to a good start for" 2025. Management feared Boeing would burn through another $4 billion in the first quarter, but West now says the actual number could be "hundreds of millions of dollars less than anticipated." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool