Boeing Stock Soars 7.6% on MAX 7 Approval

The Boeing Company's stock jumped 7.6% to $232.53 on Monday after the FAA certified the 737 MAX 7.

This development puts the spotlight on the larger MAX 10 prize, which accounts for at least 28% of all pending MAX orders - roughly 4.7 times more than the MAX 7's backlog weight.

The approval removes a separate variant barrier and represents a significant step towards the program's recovery.