Why Boeing Stock Is Seeing Blue Skies

Boeing Co BA shares are trading higher by 6.72% to $157.24 Thursday after the company said it expects to generate a free cash flow of $3-$5 billion in 2023. The higher forecast follows expected ramp-up deliveries of 737 MAX and 787 jets.

What Else?

The last Investor Day Boeing had was in 2018 and the company has not provided meaningful forward guidance since early 2019 when two 737 MAX crashes sent the company into crisis.

See Also: Why Fastly Shares Are Popping Off

Boeing expected its free cash flow in 2023 to be between $3 billion and $5 billion due to an increase in the number of 737 and 787 deliveries. By 2025, management also anticipated normalized free cash flow of $10 billion and revenue of $100 billion...Read More

According to data from Benzinga Pro, Boeing has a 52-week high of $233.94 and a 52-week low of $113.02.