Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

According to an announcement by the National Aeronautics and Space Administration (NASA) on Tuesday, workplace safety culture at Boeing Co (BA) and SpaceX will be inspected, since the two companies prepare to transport astronauts to the International Space Station (ISS).

Boeing shares closed lower for a tenth consecutive trading session in New York on Wednesday. The stock edged down 0.12% ($0.38) to $317.32, after touching an intraday high at $326.81, or a price level not seen since November 19th ($336.04).

Shares of Boeing Company have surged 7.60% so far in 2018 compared with a 0.89% drop for the benchmark index, S&P 500 (SPX).

In 2017, Boeing’s stock rose 89.43%, thus, it again outperformed the S&P 500, which registered a 19.42% return.

Boeing Co and SpaceX are the two main contractors, appointed under NASA’s commercial crew program to transport astronauts to the ISS next year with their respective Starliner and Dragon spacecraft.

According to NASA, a “cultural assessment study” of the two companies will be conducted, “including the adherence to a drug-free environment,” ahead of crew test flights.

“We fully expect our commercial partners to meet all workplace safety requirements in the execution of our missions,” the National Aeronautics and Space Administration said in a statement, cited by Reuters.

In an emailed statement, Boeing Co said that it was dedicated to the success of the mission as NASA’s partner and that it would ensure the integrity, safety and quality of its employees, work environment as well as its products.

According to CNN Money, the 23 analysts, offering 12-month forecasts regarding Boeing Company’s stock price, have a median target of $426.63, with a high estimate of $515.00 and a low estimate of $330.00. The median estimate represents a 34.45% upside compared to the closing price of $317.32 on November 21st.

The same media also reported that 16 out of 25 surveyed investment analysts had rated Boeing Company’s stock as “Buy”, while 6 – as “Hold”.

Weekly Pivot Levels

By using the traditional method of calculation, the weekly levels of importance for Boeing Co (BA) are presented as follows:

Central Pivot Point – $345.86
R1 – $360.57
R2 – $385.18
R3 – $399.89
R4 – $414.59

S1 – $321.25
S2 – $306.54
S3 – $281.93
S4 – $257.31

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: GBP/USD daily trading outlookForex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.5554 - 1.5717, the highest in five months. The pair closed at 1.5671, surging 0.54% for the day following a 0.97% gain on Monday.At 07:03 GMT today GBP/USD was down 0.03% for the day to […]
  • Natural gas futures weekly recap, January 26 – January 30Natural gas futures weekly recap, January 26 – January 30 Natural gas slid for a fourth day in five on Friday, falling for a second straight week, after data by the EIA showed a smaller-than-expected inventory withdrawal, with another lean draw projected to come next Thursday. Forecasts for active […]
  • BNP Paribas profit falls, the bank shifts focus to Germany, AsiaBNP Paribas profit falls, the bank shifts focus to Germany, Asia BNP Paribas SA, the largest French bank, said second-quarter profit fell 4.7% as Europe’s economic conditions reduced lending in France and Italy and led to an increase in loan-loss provisions.Net income fell to 1.76 billion euros ($2.3 […]
  • Samsung and Sony to launch new products before AppleSamsung and Sony to launch new products before Apple Samsung Electronics and Sony Corp. would present new devices next month as the two electronic giants are competing to steal Apples moment.Samsung’s Galaxy Gear, a wireless technology department of Samsung would unveil a wristwatch-like […]
  • AUD/USD on positive territory after Fed policy decisionAUD/USD on positive territory after Fed policy decision Australian dollar was trading higher against its US counterpart on Friday, following the decision by the Federal Reserve Bank to leave monetary stimulus unchanged on Wednesday.AUD/USD reached a session high at 0.9457 at 6:09 GMT, after […]
  • Novartis share price down, completes sell of animal-health unit to Eli LillyNovartis share price down, completes sell of animal-health unit to Eli Lilly Novartis AG announced on Thursday it had completed the $5.4-billion sale of its animal-health division to Eli Lilly & Co.The closing of the deal is in line with the April-announced plan of the Basel-based drug giant to focus Novartis […]