Why ba up pre market
11/14/2024 08:16pm
Boeing's stock (BA) experienced a pre-market increase of 0.07% on November 13, 2024, which can be attributed to several factors:
1. **Strike Resolution**: The end of the strike by the machinists union had a positive impact on the stock price. The union's vote to approve the offer, which included 38% pay raises and bonuses, eliminated a significant risk factor that had been weighing on the stock.
2. **Technical Boost**: Boeing's stock rose above its 50-day moving average after the strike ended, which is a short-term trend tracker. This technical indicator suggests a potential shift towards a bullish trend.
In conclusion, the pre-market increase in Boeing's stock price can be attributed to the resolution of the strike and the subsequent rise above the 50-day moving average, which are both positive signals for the stock.
|Ticker|Name|Date|Percentage Change|code|market_code|
|---|---|---|---|---|---|
|BA.N|The Boeing|20241114|-3.582007301784108|BA|169|