Boeing Stock Is Rising: What's Going On?

Boeing Co BA shares are trading higher by 1.55% to $211.19 Thursday afternoon. The stock moved into positive territory for the session following a Reuters report suggesting Boeing will increase 737 Max production rates above 31 per month "very soon."

Reuters also reported Boeing is making progress with the new 737 MAX 7 model. Per the report, the new model is "completing the final submittals" for Federal Aviation Administration certification. This update comes from Stan Deal, the head of Boeing's commercial airplanes business.

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According to data from Benzinga Pro, Boeing Co has a 52-week high of $221.33 and a 52-week low of $113.02.