How Has Boeing Stock Reacted to Recent Events?



Stock rises

On Monday, December 19, 2016, Boeing (BA) stock rose ~1.1% to $156.11. Among its peers, Lockheed Martin (LMT) rose 0.76% to $246.20 and United Technologies rose 2.2% to $109.95.

Peers Raytheon (RTN), General Dynamics (GD), and Northrop Grumman (NOC) also rose on the same day. RTN rose 0.87% to $141.97, GD rose 0.15% to $170.90, and NOC rose 0.81% to $227.80.

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YTD 2016 performance

After having a rough start to the year, Boeing (BA) stock recovered following its 2Q16 earnings. Year-to-date (or YTD), BA stock has risen ~8.2%, a good reversal given that it fell almost 10% in the first two quarters of 2016.

Although they’re not strictly comparable, Boeing’s defense peers Lockheed Martin (LMT), United Technologies (UTX), and General Dynamics (GD) have risen 16.9%, 15.2%, and 27.6% YTD, respectively. In the same period, Raytheon rose 15.5%, General Dynamics rose 27.6%, and Northrop Grumman rose 24.5%.

The broader market, tracked by the SPDR S&P 500 ETF (SPY), rose 11% during the same time period.

For a complete overview on Boeing, please read The Boeing Company: Filing a New Flight Plan for 2015.


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