Boeing Stock Rises 1.4% Amid Positive Developments

The Boeing Company (NYSE:BA) saw its stock rise by 1.4% during mid-day trading on Monday, reaching as high as $202.20 and finally settling at $200.92.

Approximately 6,205,428 shares were traded, a decrease of 6% from the average daily volume of 6,626,964 shares.

This increase in stock price may be attributed to several positive developments for the company.

China is reportedly making progress towards finalizing its commitment to purchase 200 Boeing aircraft, which would strengthen the company's commercial backlog and boost expectations for future deliveries.

Bank of America also reiterated its 'Buy' rating and price target despite recent weakness in the stock, viewing the pullback as an opportunity.