Boeing Co. (NYSE:BA) and Korean Air said Wednesday they finalized a record order for 103 Boeing jets, completing the carrier’s August 2025 procurement commitment.
The deal includes 20 777-9s, 25 787-10 Dreamliners, 50 737-10s and eight 777-8 Freighters.
The previously unidentified order will support Korean Air’s fleet modernization plans. Boeing said the agreement also highlights stronger U.S.-South Korea industrial ties following bilateral trade negotiations.
The companies announced the finalized deal Wednesday at an event in Seoul attended by Korean Air Chairman and CEO Walter Cho and Boeing Commercial Airplanes President and CEO Stephanie Pope.
Stock Performance And Technical Analysis
Boeing stock was little changed Wednesday as investors weighed a mixed market. The Nasdaq gained 0.51%, while the S&P 500 rose 0.20%. The Dow Jones slipped 0.13%.
The stock is trading near its 20-day moving average, putting short-term technical levels in focus. Boeing also remains near the middle of its 52-week range of $176.77 to $254.35.
Boeing remains below key longer-term trend levels. The stock is about 3.4% below its 50-day SMA of $217.46 and roughly 5% below its 200-day SMA of $221.14.
Its 20-day SMA stands at $210.62, close to the current share price. Meanwhile, the 50-day SMA remains below the 200-day SMA, maintaining the bearish “death cross” formed in September.
However, momentum has improved. The MACD is above its signal line, while the histogram is positive. That suggests recent selling pressure is easing.
Traders may watch $215.50 as near-term resistance and $205.50 as support. A move toward the low-$220s would put Boeing’s longer-term moving averages back in focus.
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Analyst Outlook
The stock carries a Buy consensus rating with an average price forecast of $273.13.
Recent analyst actions include Argus Research’s upgrade to Buy with a $265 price forecast, Tigress Financial’s $305 forecast and BNP Paribas’ upgrade to Outperform with a $300 forecast.
Benzinga Edge Rankings
Boeing scores 28.48 for momentum and 25.86 for value on the Benzinga Edge scorecard. The momentum score reflects the stock’s position below its longer-term moving averages, while the value score points to its premium valuation.
ETF Exposure
Boeing has a 4.21% weighting in the Corgi Aerospace & Commercial Aviation ETF (NASDAQ:AV), a 9.50% weighting in the iShares U.S. Aerospace & Defense ETF (BATS:ITA) and a 7.15% weighting in the Invesco Aerospace & Defense ETF (NYSE:PPA).
Price Action
BA Price Action: Boeing shares were up 0.21% at $210.13 at the time of publication Wednesday, according to Benzinga Pro data.
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