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Shares of Boeing fell by 1.89% on Monday, closing at $217.08. Over the past month, the company's stock has dropped nearly 6%, lagging behind the broader aerospace sector and the S&P 500, which saw a gain of about 2.87% during the same period.
Boeing is expected to report a full-year loss of $2.33 billion, with anticipated revenues reaching $85.66 billion. Analyst expectations for earnings have not changed significantly, but any revisions could influence short-term movements in the stock price. Market ratings for Boeing are mixed; some analysts recommend buying based on hopes for a turnaround, while others suggest selling due to ongoing challenges.
Recent headlines regarding Boeing's exploration of a replacement for the 737 MAX have contributed to volatility in its share price. The announcement points to a long-term strategy but also signals significant near-term investment and potential execution risks. Compared to other companies in the Aerospace & Defense sector, Boeing has underperformed according to Yahoo Finance.
