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Why Boeing Stock Just Popped

·2 min read
Why Boeing Stock Just Popped
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  • BA

Shares of aerospace titan Boeing (NYSE: BA) soared on Thursday after The Wall Street Journal reported that the Civil Aviation Administration of China (CAAC) may soon permit Boeing's 737 MAX airliner to resume flying in that country. Up nearly 5% earlier in the morning, as of 10:30 a.m. ET, Boeing shares are still hanging onto a 3.3% gain. Two weeks ago, Bloomberg first reported Boeing head of commercial airplanes Stan Deal predicted China might soon let the 737 MAX fly again.