Dow Jones Industrial Average
) is trading down 42.0 points (-0.3%) at 12,487 as of Friday, May 25, 2012, 1:35 p.m. ET. During this time, 268 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 732.6 million. The NYSE advances/declines ratio sits at 1,591 issues advancing vs. 1,302 declining with 149 unchanged.
Holding back the Dow today is
), which is lagging the broader Dow index with a $1 decline (-1.4%) bringing the stock to $70.39. This single loss is lowering the Dow Jones Industrial Average by 7.57 points or roughly accounting for 18% of the Dow's overall loss. Volume for Boeing currently sits at 2.3 million shares traded vs. an average daily trading volume of 4.1 million shares.
Boeing has a market cap of $53.61 billion and is part of the
industry. Shares are down 2.4% year to date as of Thursday's close. The stock's dividend yield sits at 2.5%.
The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company has a P/E ratio of 12.4, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Boeing as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
- You can view the full Boeing Ratings Report.