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19.05.2020 Boeing Daily Analysis

Boeing today is trading at 135.44, it is trading up with $15.44 mainly because Saudi Arabia's sovereign-wealth fund 'the Public Investment Fund'

Yazar: editor_1

Yayınlanma: 19 Mayıs 2020 17:03

Güncellenme: 3 Mayıs 2024 02:41

19.05.2020 Boeing Daily Analysis

Boeing today is trading at 135.44, it is trading up with $15.44 mainly because Saudi Arabia's sovereign-wealth fund 'the Public Investment Fund' disclosed in the quarterly filing that it bought 4.8million shares of Boeing for $714 million or an average $149 each.  Boeing shares jumped after Saudi Arabişa took a stake in the aerospace giant and the company received multibillion-dollar contracts for mi, slides system. Over the weekend Boeing said it received contracts from the Us government to supply the Royal  Saudi Air Force and other countries with missile systems. This, however, has made Boeing shares go up hence the reason why it is trading $15.44 higher.
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