Boeing Stock Is Rising: What's Going On?

Boeing Co BA shares are trading higher by 1.55% to $211.19 Thursday afternoon. The stock moved into positive territory for the session following a Reuters report suggesting Boeing will increase 737 Max production rates above 31 per month "very soon."

Reuters also reported Boeing is making progress with the new 737 MAX 7 model. Per the report, the new model is "completing the final submittals" for Federal Aviation Administration certification. This update comes from Stan Deal, the head of Boeing's commercial airplanes business.

See Also: Why NIO Shares Are Moving

According to data from Benzinga Pro, Boeing Co has a 52-week high of $221.33 and a 52-week low of $113.02.

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