What Caused BA's Price Collapse Today?

Boeing stock is trading -7.4% below its average target price of $231.93 after dropping -1.2% during today's afternoon session. Analysts are giving the large-cap Aerospace & Defense company an average rating of buy and target prices ranging from $165.66 to $285.3 per share.

Boeing's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.3. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 61.1%. In conclusion, we believe there is mixed market sentiment regarding Boeing.

Institutions Invested in Boeing

Date Reported Holder Percentage Shares Value
2023-06-30 Vanguard Group Inc 8% 47,253,012 $10,148,056,597
2023-06-30 Blackrock Inc. 6% 36,819,108 $7,907,271,431
2023-06-30 Newport Trust Company, LLC 6% 34,565,308 $7,423,245,356
2023-06-30 State Street Corporation 4% 26,416,857 $5,673,284,064
2023-06-30 FMR, LLC 3% 19,689,418 $4,228,499,301
2023-06-30 Capital World Investors 3% 18,306,455 $3,931,494,175
2023-06-30 Loomis Sayles & Company, LP 2% 11,148,257 $2,394,199,612
2023-06-30 Capital Research Global Investors 2% 11,115,353 $2,387,133,149
2023-06-30 Geode Capital Management, LLC 2% 10,226,027 $2,196,141,502
2023-06-30 Morgan Stanley 1% 8,270,466 $1,776,165,232
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.