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Why Boeing's Stock Is Trading Higher Today

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Why Boeing's Stock Is Trading Higher Today

Boeing Co (NYSE: BA) shares are trading higher on Monday, after Saudi Arabia's sovereign wealth fund bought $714 million of the company's stock.

The Public Investment Fund has also purchased shares in Facebook Inc (NASDAQ: FB) Walt Disney (NYSE: DIS), Marriott International (NASDAQ: MAR)  and Cisco Systems (NASDAQ: CSCO).

The airline sector was one of the most affected sectors due to lower travel demands caused by the pandemic.

Boeing shares were trading up 6.87% t $128.24 at the time of publication on Monday. The stock has a 52-week high of $391 and a 52-week low of $89.

Photo by Steve Lynes via Wikimedia.

 

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