Boeing Stock Jumps 2% on Reaffirmed Analyst Support

Boeing's stock price surged by 2% during trading on Tuesday.

The shares traded as high as $190.91 and last traded at $187.99, with approximately 10,214,660 shares exchanged hands - a significant increase of 51% from the average session volume of 6,748,244 shares.

This comes after UBS reiterated its 'Buy' rating on Boeing's stock, stating that the recent selloff was overdone and assigning limited value to the company's longer-term normalized earnings potential.