Boeing stock (NYSE: BA) is up 19% in a month, while it’s up 2% over the last twelve months, outperforming the broader markets, with the S&P500 index down 17%. Last month, United Airlines placed a large order of one hundred 787 Dreamliners with an option to buy one hundred more. The deal value will likely be over $30 billion. [1] There are also reports of Air India being close to signing a large order of over 200 aircraft with Boeing
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Now that BA stock has seen a rise of 19% in a month, will it continue its upward trajectory, or is a fall imminent? Going by historical performance, there is a lower chance of a rise for BA stock over the next month. A move of 19% in a month has occurred 84 times in the past ten years. Of those 84 instances, only 38 resulted in BA stock rising over the subsequent one-month period (twenty-one trading days). This historical pattern reflects 38 out of 84, or about a 45% chance of a rise in BA stock over the next month. See our analysis of Boeing’s Stock Chance of Rise for more details.
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