Why Boeing Stock Is Flying Today

Boeing Co BA shares are trading higher Wednesday after China Southern Airlines reportedly conducted test flights with a Boeing 737 MAX.

Several Chinese airlines grounded the Boeing 737-800 aircraft in March following a crash with 132 passengers on board.

China Southern Airlines held test flights for the first time since March, signaling that Boeing 737 MAX planes could soon make a return to the China-based airliner's fleet, according to a Reuters report, citing flight tracking websites. 

A Boeing MAX jet took off from the airline's headquarters city of Guangzhou on Tuesday and landed about two hours later in the city of Nanyang in central China. China Southern reportedly has a pilot training base in Nanyang.

According to a seperate report from Tuesday, Boeing delivered 29 737 MAX planes to customers in May and received 23 total gross orders. Boeing shares jumped on the news and have continued to trend higher today.

See Also: Why Kintara Therapeutics Shares Are Skyrocketing Today

BA Price Action: Boeing has traded between $252.30 and $113.02 over a 52-week period.

The stock was up 8.8% at $132.95 at press time, according to data from Benzinga Pro.

Photo: courtesy of Boeing.

Posted In: why it's movingMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.