Boeing's most recent trend suggests a bearish bias. One trading opportunity on Boeing is a Bear Call Spread using a strike $337.50 short call and a strike $342.50 long call offers a potential 112.77% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $337.50 by expiration. The full premium credit of $2.65 would be kept by the premium seller. The risk of $2.35 would be incurred if the stock rose above the $342.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Boeing is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Boeing is bearish.
The RSI indicator is at 49.13 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Boeing
[$$] Boeing Swoops In on Plane-Parts Specialist KLX
Tue, 01 May 2018 07:27:17 +0000
The world’s No. 1 plane maker said it would pay $63 a share for KLX and take on about $1 billion in net debt. The Wall Street Journal previously reported Boeing was close to clinching the deal amid competition, including from at least one private-equity firm, after KLX said in December it had initiated a sales process. Boeing and rival Airbus SE have been flying high with both producing record number of planes amid strong global demand for air travel.
Boeing to buy aerospace parts maker KLX for about $3.2 billion
Tue, 01 May 2018 06:37:52 +0000
The $63-per-share deal gives KLX an enterprise value of $4.25 billion, including about $1 billion of net debt. The acquisition is contingent upon the successful divestment and separation of KLX's Energy Services Group business, KLX said. KLX stock has risen about 24 percent since Dec. 22, when the company said it will review strategic alternatives including a potential sale.
[$$] Boeing to buy aerospace parts provider KLX in $4.25bn deal
Tue, 01 May 2018 06:14:06 +0000
Boeing said on Tuesday it had agreed to buy KLX, a US aerospace parts and services provider for $4.25bn including debt. The Chicago-based company said in a statement that it had struck an all-cash transaction of $63 per KLX share and would also assume about $1bn of net debt. The acquisition would also include KLX unit Aerospace Solutions Group and was conditional upon the successful divestment and separation of KLX’s Energy Services Group, in addition to regulatory and shareholder approvals, Boeing said.
Boeing Buys Plane Parts Supplier KLX in $4.25 Billion Deal
Tue, 01 May 2018 04:44:35 +0000
Boeing Co. is acquiring KLX Inc. for $4.25 billion in an all-cash transaction that includes $1 billion of net debt, as the world’s largest planemaker bolsters a fast-growing new division that offers maintenance, spare parts and other services to airlines. The aircraft maker will pay $63 per share for the purchase that includes KLX’s Aerospace Solutions Group and the deal is conditional upon the successful divestment and separation of KLX’s Energy Services Group, Boeing said in a statement. The sale, also subject to approvals from regulators and KLX shareholders, is expected to close by the third quarter.
Boeing to Acquire Leading Aerospace Parts Distributor KLX Inc. to Enhance Services Business Growth
Tue, 01 May 2018 04:30:00 +0000
Boeing will acquire KLX Inc. for $4.25 billion Positions Boeing to compete and win in $2.6 trillion , 10-year services market KLX Inc. will be part of Boeing Global Services and fully integrated with Aviall …
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