07.04.2020 Boeing Co (BA) Daily Analysis

07.04.2020 Boeing Co (BA) Daily Analysis

Boeing is trading today at $148.77, it went up with $22.25 from $124.52.  This is mainly because it announced that it will conduct a second unmanned test flight of its Starliner spacecraft to the International Space Station. This made the share go up because its first attempt was cut short because of a series of software glitches and a problem with the automated timer, so a second attempt means they worked on their mistakes and this made the share go up. The company announced that it will repeat the flight’s order to complete all flight test objectives and fully evaluate Starliners’ design. In addition, Boeing shares went up after the media reported that the fatality rate from Coronavirus in Europe (Italy, Spain) over the weekend has begun slowing down. Due to this media report, President Trump said a "light at the end of the tunnel" could emerge if the health crisis crests this week, and begins to subside thereafter. This, however, gave hopes to investors that the end of this pandemic is visible even though it is not near, resulting in them placing bets on the airline industry making the Boeing share to go up.