Boeing Rises On Unusually High Volume (BA)

NEW YORK ( TheStreet) -- Boeing (NYSE: BA) is trading at unusually high volume Monday with 9.8 million shares changing hands. It is currently at two times its average daily volume and trading up $3.58 (+3.5%) at $105.45 as of 2:05 p.m. ET.

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Boeing has a market cap of $81.09 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 41.8% year to date as of the close of trading on Friday.

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.

TheStreet Ratings rates Boeing as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Boeing Ratings Report.

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