Why Boeing Stock Flew Higher Today
Boeing has good news for investors today, but is it good enough to buy?
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."
