How Boeing Stock Reacted to the Department of Commerce Ruling
Boeing’s stock performance
Boeing (BA) stock has gained almost 0.62% since the US Department of Commerce’s preliminary ruling. Bombardier stock (BDRBF) has, on the other hand, lost almost 10% of its value. Delta Air Lines (DAL) has also lost 1.6% during the same period.
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Boeing rival Lockheed Martin (LMT) stock has risen 0.13%. General Dynamics (GD) stock has risen 0.73%, and Northrop Grumman (NOC) stock has risen 0.74%. United Technologies (UTX) stock has risen 2.1%, and Raytheon (RTN) stock has fallen 0.06%.
Year-to-date through September 28, 2017, aerospace and defense stocks have had a good run. Boeing has posted a year-to-date return of 63.9%, followed by Raytheon with a 29.9% return and Lockheed Martin with a 24.1% return.
Year-to-date, Northrop Grumman has risen 23.3%, General Dynamics has risen 19.8%, and United Technologies has risen 6.9%. Bombardier stock has risen 3.9% in the same period, while Embraer (ERJ) has risen 19.4%.
The SPDR S&P 500 ETF (SPY) has risen 11.9% during the same period. For a complete overview on Boeing, please read The Boeing Company: Filing a New Flight Plan for 2015.