UAL - Dear Boeing (BA) Stock Fans Mark Your Calendars for a 'Historic Announcement' on Dec. 13
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Boeing (NYSE:BA) stock fans will want to keep an eye on the company when Dec. 13 rolls around as it has a “historic announcement” to make.
Boeing is set to make this announcement at its South Carolina location next week. What the company intends to reveal is still unknown, but there are some rumors that investors will want to keep in mind.
The most important one of these is talk that Boeing has reached a major deal with United Airlines (NASDAQ:UAL). Recent reports claim that UAL is planning to buy dozens of Boeing 787 Dreamliner jets from the company.
Why This Matters for BA Stock
If that rumor holds true, a massive sale of Boeing jets could be an incredible catalyst for BA stock. When those rumors first broke, the company’s shares got a nice boost. It’s likely that confirmation of the sale could bring further gains to BA. However, investors should note that these are only rumors and may not be the big announcement next week.
No matter the case, investors are hoping for something major to lift BA stock. The company has been through a rough period these last few years with crashes and the pandemic harming its business. It’s possible the Dec. 13 announcement could breath new life into the stock.
BA stock is up 1.6% as of Friday morning bus is down 12.5% year-to-date.
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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