Boeing (NYSE:BA) Stock, Quote.Headers.trade-ideas

Boeing

Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.

Lebanon

Government

Politics

Global

Israeli air strikes kill over 180 in southern Lebanon, as tensions between Israel and Hezbollah escalate. U.S. urges diplomacy, not war.

Israel Carries Out Air Assaults On Hezbollah In Southern Lebanon

7 Years Ago

News

SPACE

Tech

Boeing Co&#39;s Space segment chief Ted Colbert has reportedly left the company on the heels of issues identified with its Starliner spacecraft.

Boeing&#39;s Space Segment Chief Ted Colbert Quits Amid Mounting Pressure After Starliner Fails To Bring Astronauts Back From ISS

Betting Big On Elon Musk’s Startups

Equities

Markets

Elon Musk, CEO of Tesla Inc. and SpaceX, took to X on Thursday to criticize the Federal Aviation Administration for penalizing SpaceX while neglecting safety issues at Boeing.

Elon Musk Blasts FAA For Targeting SpaceX Over &#39;Petty Matters,&#39; While Ignoring Boeing&#39;s Safety Issues: This &#39;Puts Human Lives At Risk&#39; (Updated)

Boeing Co

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FAA Administrator To Tell Congress Tuesday Agency Will Hold Boeing Accountable For Having Effective System In Place To Ensure Safe Airplanes; Says It Will Revamp Its Safety Management System, Seeks More Real-Time Insights Into Safety Trends

Boeing Calls New Proposal "Best And Final Offer" To Resolve Machinists Strike

Boeing Increases General Wage By 30%, Boosts 401(K) Match To 100% Of First 8% Of Pay, And Raises Ratification Bonus To $6,000 In IAM Labor Negotiations

Macro Economic Events

Economics

General

Boeing's DC Office Cuts Political Donations, Lobbying

Israeli air strikes <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">on Hezbollah targets </a>in southern Lebanon killed around 274 people on Monday, local authorities said, as escalating hostilities between the two sides stoke international concern about the eruption of a full-on war.
Israeli forces struck several southern towns that included Tyre and Bint Jbeil in the northern region, saying they planned to carry out extensive air strikes on Bekka&#8217;s eastern region, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-23/israel-steps-up-attacks-on-hezbollah-targets-in-south-lebanon?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
Israel and Hezbollah have been firing rockets across the border at each other consistently since Israel&#8217;s war with Hamas began last October, but the conflict has escalated in the past week.
The U.S. is urging both sides to hold back on the fighting as Defense Secretary Lloyd Austin emphasized reaching &#8220;a diplomatic solution&#8221; in speaking with Israel&#8217;s Defense Minister Yaov Gallant.
Israel is trying to take out Hezbollah&#8217;s launchers, missiles and rockets to weaken its military capabilities through an aerial campaign.
"I want to clarify Israel's policy: we do not wait for the threat, we are ahead of it," Israeli Prime Minister Benjamin Netanyahu said on Monday.
Netanyahu said he prefers diplomacy, but it isn&#8217;t working.
His cabinet made the return of tens of thousands of displaced civilians a primary war objective last week. His cabinet is focused on this return as Gallant signaled a shifting of Israel&#8217;s focus to Hezbollah from Gaza.
Read Also:<a href="https://www.benzinga.com/news/24/09/40924166/hezbollah-hit-in-new-round-of-explosions-across-lebanon-casualties-climb"> Hezbollah Hit In New Round Of Explosions Across Lebanon, Casualties Climb</a>
Netanyahu is scheduled to address the United Nations General Assembly at its summit in New York on Thursday.
Hundreds of thousands of people scurried to bomb shelters in northern Israel after Iran-backed Hezbollah fired150 projectiles on the area, using a new rocket that can reach as far as 60 miles and carry about 275 pounds of explosives, the group said on its Telegram channel over the weekend.
On Tuesday and Wednesday, Hezbollah and Lebanon blamed Israel for blowing up thousands of pagers and walkie-talkies mostly used by Hezbollah members. 
On Friday, Israel killed a top Hezbollah commander, Ibrahim Aqil in an air assault on Beirut's southern suburbs.
Lebanese Prime Minister&nbsp;Najib Mikati&nbsp;called on the U.N. and world powers to stop the Israel-Hezbollah fight from "falling into the unknown."
Also on Monday, an Israeli military spokesperson said Hamas chief&nbsp;Yahya Sinwar&nbsp;may have been wounded or killed in air strikes on Gaza, after local media reported he was recently not heard from. 
The U.S. has said a Gaza cease-fire will help calm regional tensions, but Israel said it cannot wait for a truce there before eliminating the threat of Hezbollah.
United Nations Secretary-General Antonio Guterres warned the pager blasts against Hezbollah&nbsp;in Lebanon could signal &#8220;a pre-emptive strike before a major military operation&#8221; being carried out by Israel, Reuters reported.
U.N. Special Coordinator for Lebanon Jeanine Hennis is scheduled to visit Israel on Monday.
Price Action: Defense stocks gained into Monday&#8217;s mid-day trading.
<ul>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) rose 1.32% to $579.47</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) were up 0.40% to $153.80</li>
<li>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) gained 1.01% to $530.42</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/09/40909027/casualties-rise-from-exploding-hezbollah-pagers-us-says-it-had-no-advance-notice-of-coordinated-atta">Casualties Rise From Exploding Hezbollah Pagers, US Says It Had No Advance Notice Of Coordinated Attack In Lebanon</a></li>
</ul>
Photo: Shutterstock

Jefferies analyst Sheila Kahyaoglu maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Buy and lowers the price target from $270 to $240.

Price Target

Analyst Ratings

Jefferies Maintains Buy on Boeing, Lowers Price Target to $240

Boeing Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) Space segment chief Ted Colbert has reportedly left the company on the heels of issues identified with its Starliner spacecraft.
What Happened: Colbert, who has run Boeing&#8217;s Defense, Space, and Security division since 2022, has left the company, Financial Times<a href="https://www.ft.com/content/c87385c1-5c28-49f4-9348-5fe2d05db746"> reported</a>, citing a memo to employees sent by Boeing CEO Kelly Ortberg.
The memo, sent out on Friday, reportedly said that Colbert&#8217;s departure is &#8216;effective immediately.&#8217;
Steve Parker, the division&#8217;s chief operating officer, will lead it until a permanent replacement is named, the report added. Parker has been at Boeing for over 36 years now, according to his LinkedIn profile. 
Boeing did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8216;s</a> request for comment.
Why It Matters: Colbert&#8217;s departure comes on the heels of Boeing&#8217;s troubles with the Starliner spacecraft. Starliner launched two astronauts – Sunita Williams and Butch Wilmore – to the International Space Station on June 5. Though the two were supposed to return in about eight days, technical issues identified with the spacecraft while docking delayed the return until NASA decided to scrap bringing back the two astronauts on Starliner altogether.
The Starliner subsequently<a href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte" target="_blank" rel="noreferrer noopener">&nbsp;returned without the astronauts on Sept. 6</a>. Williams and Wilmore, who are currently at the station, will now join two Crew-9 mission astronauts on their return journey to Earth in February 2025 aboard a SpaceX Dragon spacecraft, the agency said. The crew-9 mission is now slated to launch <a href="https://www.benzinga.com/news/24/09/40850262/nasa-delays-crew-9-mission-yet-again-this-time-to-complete-prelaunch-preparations">no earlier than Sept. 25</a>. 
Boeing&#8217;s Defense, Space, and Security division, one of its three main divisions, has also been hoarding losses. For the full-year 2023, the segment reported a loss from operations of $1.76 billion. In 2022, the loss from operations was still higher at $3.54 billion.
Price Action: Boeing shares closed down 0.8% at $153.29 on Friday. The stock is down 39% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40968088/teslas-stock-performance-in-2019-and-2024-shows-striking-similarities-says-gary-bla">Tesla&#8217;s Stock Performance In 2019 And 2024 Shows &#8216;Striking&#8217; Similarities, Says Gary Black: Flags This Reason That May Lead To Price Surge In 2025</a></li>
</ul>
Image via NASA

Boeing's Space Segment Chief Ted Colbert Quits Amid Mounting Pressure After Starliner Fails To Bring Astronauts Back From ISS

Whales with a lot of money to spend have taken a noticeably bearish stance on Boeing.
Looking at options history for Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 54% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $262,900 and 6, calls, for a total amount of $274,318.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $250.0 for Boeing, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Boeing options trades today is 886.14 with a total volume of 832.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Boeing's big money trades within a strike price range of $135.0 to $250.0 over the last 30 days.
<h3>Boeing Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726843549_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$23.95</td>
<td>$23.95</td>
<td>$23.95</td>
<td>$160.00</td>
<td>$69.4K</td>
<td>148</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.7</td>
<td>$12.55</td>
<td>$12.6</td>
<td>$150.00</td>
<td>$69.3K</td>
<td>733</td>
<td style="text-align: right;">249</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.3</td>
<td>$18.1</td>
<td>$18.3</td>
<td>$165.00</td>
<td>$65.8K</td>
<td>3.3K</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$16.75</td>
<td>$16.55</td>
<td>$16.75</td>
<td>$160.00</td>
<td>$58.6K</td>
<td>657</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$12.05</td>
<td>$11.85</td>
<td>$11.94</td>
<td>$150.00</td>
<td>$53.7K</td>
<td>733</td>
<td style="text-align: right;">110</td>
</tr>
</tbody>
</table>

<h3>About Boeing</h3>
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.
After a thorough review of the options trading surrounding Boeing, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Boeing Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,843,780, with BA's price down by -0.95%, positioned at $153.12.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 33 days.</li>
</ul>
<h3>What The Experts Say On Boeing</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $119.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Wells Fargo downgraded its rating to Underweight, setting a price target of $119. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Boeing options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

This Is What Whales Are Betting On Boeing

Elon Musk, CEO of Tesla Inc. and SpaceX, took to X (formerly Twitter) on Thursday to criticize the Federal Aviation Administration for <a href="https://www.benzinga.com/news/24/09/40935722/spacex-ceo-elon-musk-says-anyone-can-go-to-mars-with-spacex-but-journey-would-be-like-a-long-sea-voy">proposing to penalize SpaceX while neglecting safety issues</a> at Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
What Happened: According to Musk&#8217;s post, the FAA has been focusing on &#8220;petty matters&#8221; concerning SpaceX, instead of addressing significant safety concerns at Boeing. He stated that this misallocation of resources endangers human lives.
Musk referenced a letter from SpaceX to Congress, highlighting the FAA&#8217;s inability to keep pace with the commercial spaceflight industry. The letter was addressed to key members of the U.S. Congress, including Rep. Frank Lucas (R-Okla.) and Rep. Zoe Lofgren (D-Calif.), Sen.&nbsp;Ted Cruz&nbsp;(R-Texas) and Senate Commerce Committee Chair&nbsp;Maria Cantwell&nbsp;(D-Wash.).
SpaceX&#8217;s letter detailed alleged violations cited by the FAA, including the use of an unapproved propellant farm and an updated communications plan. SpaceX denied these allegations, asserting that the FAA&#8217;s actions were untimely and unrelated to public safety.
&#8220;This is deeply wrong and puts human lives at risk,&#8221; Musk wrote. 
The letter also pointed out that the FAA had approved the same propellant farm for other launches, questioning the consistency of the agency&#8217;s safety determinations. SpaceX emphasized its commitment to safety and criticized the FAA for its inefficiencies.
Musk&#8217;s post concluded with a call for change, stating, &#8220;Enough is enough,&#8221; and urging Congress to address the FAA&#8217;s shortcomings.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">SpaceX letter to Congress. The <a href="https://twitter.com/FAANews?ref_src=twsrc%5Etfw">@FAANews</a> leadership spends their resources attacking <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> for petty matters that have nothing to do with safety, while neglecting real safety issues at Boeing. This is deeply wrong and puts human lives at risk. NASA deemed the Boeing capsule… <a href="https://t.co/Y3A2F6xcv1">https://t.co/Y3A2F6xcv1</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836923457960919224?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/09/40892013/spacex-ceo-elon-musk-says-canadian-government-is-funding-starlink-rival-for-satellite-internet-despi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">SpaceX CEO Elon Musk Says Canadian Government Is Funding Starlink Rival For Satellite Internet Despite His Offer To Do It For &#8216;Less Than Half That Amount&#8217; As It Wants Its &#8216;Own System&#8217;</a>
Why It Matters: The recent criticism from Musk comes amid ongoing tensions between SpaceX and the FAA. On Thursday, Musk accused the FAA of imposing a $633,009 fine on SpaceX for regulatory violations, suggesting that the agency shows <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">favoritism towards Boeing</a>.
Musk&#8217;s comments were in response to a post by Mario Nawfal, who criticized the FAA&#8217;s actions against SpaceX. Musk questioned why Boeing was not fined despite NASA deeming their spacecraft unsafe for returning astronauts. 
Musk stated, "Amazingly, no Starliner fines for Boeing! The FAA space division is harassing SpaceX about nonsense that doesn&#8217;t affect safety while giving a free pass to Boeing even after NASA concluded that their spacecraft was not safe enough to bring back the astronauts."
Additionally, SpaceX <a href="https://www.benzinga.com/news/24/09/40932353/spacex-continues-to-prepare-for-future-starship-flights-despite-delays-in-faa-launch-clearance-elon">continues to prepare for future Starship flights</a> despite delays in FAA launch clearance. On Thursday, SpaceX tested the engines of its Starship launch vehicle for its sixth flight test, even while its fifth flight's timeline remains uncertain. 
In a broader context, SpaceX has been making significant <a href="https://www.benzinga.com/news/24/09/40916098/elon-musks-spacex-launches-90th-mission-in-2024-with-over-a-third-of-launch-target-still-to-go">strides in its mission goals</a>. On Wednesday, the company launched its 90th mission for the year with a Falcon 9 rocket, which carried the European Commission&#8217;s Galileo L13 mission to medium Earth orbit from Florida. Despite these achievements, SpaceX still has over a third of its launch target for the year yet to go.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40893054/mark-cuban-says-he-would-buy-rupert-murdochs-fox-news-and-elon-musks-x-but-there-are-some-obstacles?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Says He Would Buy Rupert Murdoch&#8217;s Fox News And Elon Musk&#8217;s X But There Are Some Obstacles: &#8216;I&#8217;d Buy It In A Heartbeat&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk Blasts FAA For Targeting SpaceX Over 'Petty Matters,' While Ignoring Boeing's Safety Issues: This 'Puts Human Lives At Risk' (Updated)

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Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

Boeing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) stock is flying low as the company battles a machinist strike that has forced tens of thousands of workers <a href="https://www.benzinga.com/quote/BA/news">off the job</a>. 
In a bid to cut costs, Boeing <a href="https://www.benzinga.com/markets/equities/24/09/40931613/boeing-enforces-temporary-furloughs-amid-strike-ceo-kelly-ortberg-announces-difficult-steps-like">has furloughed thousands</a> of U.S. employees, executives, and non-essential contractors. CEO Kelly Ortberg confirmed the furloughs in a memo, adding that these steps are necessary to preserve cash amid the ongoing labor disruption.
The strike began after more than 30,000 machinists in Seattle and Oregon rejected Boeing's latest contract offer, with 96% voting to walk off. Despite a 25% raise on the table, workers argued the offer failed to match the skyrocketing cost of living in the Seattle area. Negotiations remain tense, and the union's frustration is mounting.
<h2 class="wp-block-heading">Boeing Chart Suggests Turbulence Ahead</h2>
Boeing's stock price has been unable to lift off amid this chaos. At $155.30, BA is below its five, 20, and 50-day exponential moving averages (EMAs), signaling a strong bearish trend.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="623" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105209/Screenshot-2024-09-19-at-8.21.18-PM.png" alt="" class="wp-image-556505" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105209/Screenshot-2024-09-19-at-8.21.18-PM.png 623w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105209/Screenshot-2024-09-19-at-8.21.18-PM-300x219.png 300w" sizes="(max-width: 623px) 100vw, 623px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The eight-day simple moving average, at $157.91, and the 20-day SMA, at $164.06, all signal more downside ahead.
Additional dark clouds hover as the 50-day SMA is at $172.00, while the 200-day SMA sits at $192.33, indicating that Boeing's stock is technically bearish across the board.
Read Also: <a href="https://www.benzinga.com/news/24/09/40886979/boeing-stock-continues-to-fall-after-announcing-hiring-freeze-other-cost-cuts-amid-workers-strike">Boeing Stock Continues To Fall After Announcing Hiring Freeze, Other Cost Cuts Amid Workers&#8217; Strike</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="623" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105213/Screenshot-2024-09-19-at-8.21.32-PM.png" alt="" class="wp-image-556506" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105213/Screenshot-2024-09-19-at-8.21.32-PM.png 623w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19105213/Screenshot-2024-09-19-at-8.21.32-PM-300x219.png 300w" sizes="(max-width: 623px) 100vw, 623px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The MACD (Moving Average Convergence/Divergence) is a negative 4.85, reinforcing the bearish momentum.
Boeing stock is currently nearing oversold territory, with an RSI of 36.57, indicating the potential for some short-term relief. However, this offers little comfort to investors at the moment.
Even the Bollinger Bands ($150.30 &#8211; $182.72) scream bearish, with Boeing stock trading in the lower band, signaling continued pressure.
As Boeing navigates this turbulence, investors may need to brace for further dips before clear skies return.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g">Elon Musk Said SpaceX Competitors Only &#8216;Take Up Less Than We Do, And They Take Nothing Down, And They Get Paid Twice As Much&#8217; — 10 Years Later, Its Rival In Space Boeing Has Frozen Hiring And Is Weighing Furloughs</a></li>
</ul>
Photo: Shutterstock

Technicals

Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail

<a href="https://www.defense.gov/News/Contracts/Contract/Article/3910169/" title="https://www.defense.gov/News/Contracts/Contract/Article/3910169/">https://www.defense.gov/News/Contracts/Contract/Article/3910169/</a>

Contracts

Reported September 18; Boeing Awarded $29.5M Contract For F/A-18 E/F Black III Windshield Panel Spares, Work To Be Completed By December 2029

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has started temporary furloughs for thousands of employees as it grapples with the financial <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">impact of a machinists union strike</a>.
What Happened: In a memo to employees, Boeing CEO Kelly Ortberg stated that the furloughs, affecting U.S.-based executives, managers, and employees, will occur one week out of every four until the strike concludes. Ortberg and his leadership team will also take pay cuts, The Washington Post <a href="https://www.washingtonpost.com/transportation/2024/09/18/boeing-furloughs-machinists-strike/">reported</a> on Wednesday.
"With production paused across many key programs in the Pacific Northwest, our business faces substantial challenges and it is important that we take difficult steps to preserve cash and ensure that Boeing is able to successfully recover," Ortberg stated. 
The strike, initiated by the 33,000-member International Association of Machinists and Aerospace Workers, began after rejecting Boeing&#8217;s offer. The union demands a 40% pay increase and the reinstatement of a pension program.
Despite the furloughs, work critical to quality, customer support, and key certification programs will continue. Production of the 787 jet in South Carolina remains unaffected.
Analysts estimate the strike could cost Boeing $1 billion weekly. The company could burn through $3.5 billion in cash if the strike extends through September, according to Bloomberg Intelligence.
Boeing&#8217;s financial measures include a hiring freeze, reduced capital and supplier spending, and an end to nonessential travel. The strike is the first by Boeing machinists in 16 years, according to the report.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40893386/elon-musk-and-oracles-larry-ellison-begged-jensen-huang-for-nvidia-gpus-at-a-dinner-please-take-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk And Oracle&#8217;s Larry Ellison &#8216;Begged&#8217; Jensen Huang For Nvidia GPUs At A Dinner: &#8216;Please Take Our Money&#8217;</a>
Why It Matters: The strike&#8217;s origins trace back to Saturday, when over 30,000 workers walked off the job after rejecting Boeing&#8217;s offer of a 25% <a href="https://www.benzinga.com/news/24/09/40867999/over-30-000-boeing-workers-are-standing-shoulder-to-shoulder-union-leader-says-strike-could-go-on-fo">wage increase over four years</a>. Union leader Jon Holden emphasized the workers&#8217; resolve, stating, &#8220;They're standing shoulder to shoulder and they're ready. So it (the strike) could go on for a while.&#8221;
Subsequently, Boeing and the union returned to the negotiating table with federal mediators on Wednesday. The talks aim to resolve the wage and pension disputes that triggered the strike. The union&#8217;s demand for a 40% wage hike starkly <a href="https://www.benzinga.com/news/24/09/40913789/boeing-and-its-largest-union-return-to-table-with-federal-mediators-after-30k-workers-strike-over-fa">contrasts with Boeing&#8217;s 25% offer</a>.
Adding to the complexity, Elon Musk recently criticized the Federal Aviation Administration for <a href="https://www.benzinga.com/markets/equities/24/09/40912464/elon-musk-accuses-faa-of-fining-spacex-over-nonsense-that-doesnt-affect-safety-amazingly-no-star">allegedly favoring Boeing</a> over SpaceX in regulatory matters. 
Price Action: Boeing Co. closed at $155.11 on Wednesday, down 0.82% for the day. In after-hours trading, the stock gained 0.38%. Year to date, Boeing&#8217;s stock has dropped by 38.39%, according to <a href="https://pro.benzinga.com/dashboard?quote=AAPL">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Boeing Enforces Temporary Furloughs Amid Strike, CEO Kelly Ortberg Announces 'Difficult Steps' Like Pay Cuts As $1B Weekly Loss Looms

- Reuters Citing Spokesperson&nbsp;

Boeing Spokesperson Says Furloughs Will Impact Tens Of Thousands Of Employees

Boeing CEO Announces Temporary Furloughs Impacting US-Based Executives, Managers, And Employees; Leadership Team To Take Pay Reduction During Strike To Preserve Cash And Support Boeing's Recovery

Whales with a lot of money to spend have taken a noticeably bullish stance on Boeing.
Looking at options history for Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 45% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $99,730 and 9, calls, for a total amount of $6,605,479.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $180.0 for Boeing, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Boeing stands at 3379.67, with a total volume reaching 1,728.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Boeing, situated within the strike price corridor from $95.0 to $180.0, throughout the last 30 days.
<h3>Boeing Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726669030_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$67.85</td>
<td>$66.85</td>
<td>$67.7</td>
<td>$95.00</td>
<td>$6.0M</td>
<td>68</td>
<td style="text-align: right;">900</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.55</td>
<td>$8.4</td>
<td>$8.45</td>
<td>$155.00</td>
<td>$150.5K</td>
<td>3.0K</td>
<td style="text-align: right;">282</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$8.95</td>
<td>$8.2</td>
<td>$8.4</td>
<td>$155.00</td>
<td>$75.6K</td>
<td>3.0K</td>
<td style="text-align: right;">111</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.45</td>
<td>$8.2</td>
<td>$8.35</td>
<td>$155.00</td>
<td>$75.1K</td>
<td>3.0K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.65</td>
<td>$8.35</td>
<td>$8.35</td>
<td>$165.00</td>
<td>$73.4K</td>
<td>13.2K</td>
<td style="text-align: right;">104</td>
</tr>
</tbody>
</table>

<h3>About Boeing</h3>
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.
Having examined the options trading patterns of Boeing, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Boeing</h3>
<ul>
<li>Currently trading with a volume of 890,678, the BA's price is up by 0.32%, now at $156.89. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>Professional Analyst Ratings for Boeing</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $119.0.
<ul>
<li>An analyst from Wells Fargo has revised its rating downward to Underweight, adjusting the price target to $119. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Boeing, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Market Whales and Their Recent Bets on Boeing Options

Alaska Airlines CEO Says Boeing Strike Unlikely To Significantly Impact Carrier Unless Prolonged; Notes Significant Improvement At Boeing, Expects 737 MAX 10 Deliveries By Mid-2026

Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) will restart contract negotiations on Wednesday with its largest union.
What Happened: The talks will involve federal mediators after the two sides failed to agree on wages and pensions on Tuesday. The International Association of Machinists and Aerospace Workers (IAM), representing over 30,000 Boeing factory workers, has been on strike since last Friday.
The union is demanding a 40% wage increase over four years, significantly higher than Boeing&#8217;s 25% offer, which was overwhelmingly rejected, Reuters reported.
IAM expressed frustration on X, stating, &#8220;The company was not prepared and was unwilling to address the issues essential for ending this strike: Wages and Pension.&#8221;
The strike has disrupted the production of Boeing&#8217;s popular 737 MAX jets and other widebody aircraft, causing delays in deliveries to airlines. Boeing has announced a hiring freeze and is considering temporary furloughs to manage costs, as the company is already dealing with $60 billion in debt.
See Also: <a href="https://www.benzinga.com/news/24/09/40890618/peter-schiff-says-unlikely-that-fed-rate-cuts-will-lower-borrowing-costs-predicts-rising-mortgage-ra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Says Unlikely That Fed Rate Cuts Will Lower Borrowing Costs, Predicts Rising Mortgage Rates And Dollar Collapse — Suggests 100 Basis Points Rate Hike As Cure</a>
Why It Matters: The strike by over 30,000 workers has already had significant repercussions. Boeing&#8217;s stock has been falling <a href="https://www.benzinga.com/news/24/09/40886979/boeing-stock-continues-to-fall-after-announcing-hiring-freeze-other-cost-cuts-amid-workers-strike">since the strike began,</a> exacerbated by the company&#8217;s announcement of a hiring freeze and potential furloughs. The measures were outlined by CFO Brian West, who emphasized the urgent need to preserve cash amid the strike.
The union&#8217;s demands for higher wages and better pensions are a critical sticking point. IAM President Jon Holden has indicated that the <a href="https://www.benzinga.com/news/24/09/40867999/over-30-000-boeing-workers-are-standing-shoulder-to-shoulder-union-leader-says-strike-could-go-on-fo">strike could last a while</a>. The machinists, who produce key aircraft models like the 737 Max and the 777, are standing firm on their demands.
Analysts have also weighed in on the situation. BofA Securities analyst Ronald J. Epstein suggested that Boeing might need to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40860003/boeing-may-need-to-offer-additional-concessions-to-end-strike-despite-multi-billion">offer additional concessions</a> to resolve the strike, despite the company&#8217;s multi-billion dollar debt. Epstein noted that the strike could further delay Boeing&#8217;s plans to ramp up production rates for its 737 jets, initially scheduled for September 2024 but now pushed to March 2025.
Price Action: Boeing closed at $156.39 on Tuesday, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: 
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</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Boeing And Its Largest Union Return To Table With Federal Mediators After 30K Workers Strike Over Failed Wage And Pension Talks

Editor&#8217;s Note: This story has been corrected to reflect the fact that the FAA has proposed to fine SpaceX.
Tesla Inc. and SpaceX CEO Elon Musk has publicly criticized the Federal Aviation Administration for <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g">proposing a $633,009 fine</a> on SpaceX for regulatory violations, hinting at the <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g">agency&#8217;s favoritism towards</a> Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
What Happened: According to a post by Musk on X, he questioned why Boeing was not fined despite NASA deeming their spacecraft unsafe for returning astronauts. Musk&#8217;s comments were in response to a post by Mario Nawfal, who criticized the FAA's actions against SpaceX.
&#8220;Amazingly, no Starliner fines for Boeing! The FAA space division is harassing SpaceX about nonsense that doesn't affect safety while giving a free pass to Boeing even after NASA concluded that their spacecraft was not safe enough to bring back the astronauts,&#8221; Musk wrote. 
Musk also stated that resignations from FAA leadership are necessary.
Nawfal highlighted that the FAA had to go back a year to find violations against SpaceX, while Boeing faced no penalties for safety issues that left two American astronauts stranded at the ISS. Meanwhile, SpaceX plans to sue the FAA for regulatory overreach.
The FAA has proposed a fine against SpaceX for alleged violations during two launches in 2023, accusing the company of not adhering to license requirements. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Amazingly, no Starliner fines for Boeing! The FAA space division is harassing SpaceX about nonsense that doesn't affect safety while giving a free pass to Boeing even after NASA concluded that their spacecraft was not safe enough to bring back the astronauts. There need to be…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1836151356668940762?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This comes amid ongoing scrutiny of Boeing&#8217;s safety and quality control issues, with FAA Administrator Mike Whitaker set to testify before Congress on Sept. 24 and 25 regarding the agency&#8217;s oversight of Boeing.
See Also: <a href="https://www.benzinga.com/news/24/09/40897703/former-tesla-exec-says-elon-musks-endorsement-of-trump-might-not-sway-upcoming-presidential-election?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Former Tesla Exec Says Elon Musk&#8217;s Endorsement Of Trump Might Not Sway Upcoming Presidential Elections: &#8216;Last Time Around He Endorsed Andrew Yang&#8217;</a>
Why It Matters: The tension between SpaceX and the FAA is not new. Recently, Musk highlighted that SpaceX&#8217;s competitors &#8220;take up less than we do, and they take nothing down, and they get paid twice as much,&#8221; referring to the <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g">disparity in treatment between SpaceX and Boeing</a>. 
This statement <a href="https://www.benzinga.com/news/24/09/40899599/elon-musk-said-spacex-competitors-only-take-up-less-than-we-do-and-they-take-nothing-down-and-they-g">came amid Boeing&#8217;s decision</a> to freeze hiring and consider furloughs due to a strike by over 30,000 workers.
Adding to the context, former President Donald Trump recently praised Musk for his contributions to U.S. space development, stating that the <a href="https://www.benzinga.com/news/24/09/40890535/spacex-ceo-elon-musk-is-doing-an-amazing-job-says-trump-because-before-the-us-was-getting-lapped-in">U.S. was previously lagging behind China and Russia</a> in space but is now a leader, thanks to Musk&#8217;s efforts. 
Moreover, SpaceX has achieved significant milestones, including the recent return of the Polaris Dawn crew after a 5-day mission that featured the <a href="https://www.benzinga.com/news/24/09/40872104/polaris-dawn-returns-home-after-5-day-mission-including-first-commercial-spacewalk">first commercial spacewalk</a>. 
Musk&#8217;s dominance in space is further illustrated by SpaceX controlling nearly <a href="https://www.benzinga.com/news/24/09/40869627/elon-musk-now-controls-two-thirds-of-the-planets-satellites-and-spacex-is-just-getting-started-with">two-thirds of the planet&#8217;s satellites</a>, with plans to launch almost 40,000 more. This rapid expansion of the Starlink satellite network has positioned SpaceX as a formidable player in the global space industry. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40872989/mark-cuban-asks-elon-musk-he-can-directly-question-him-about-kamala-harris-economic-policies-but-wan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Asks Elon Musk He Can Directly Question Him About Kamala Harris&#8217; Economic Policies, But Wants This In Exchange</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Boeing (BA) Forecast

Boeing (NYSE:BA) Stock, Quote.Headers.trade-ideas