Boeing Stock Continues to Rise Amid Ongoing Investigation
Boeing’s stock price has reached a new 12-month high, nearing its 3-year high. The company’s recent sale in Indonesia has contributed to its growth.
The sale has been attributed to increasing investor confidence, despite the ongoing investigation into the Air India crash. The fuel control switches, a potential cause of the crash, have passed safety checks.
Key points regarding the investigation:
- The investigation is ongoing and not yet complete
- The fuel control switches have passed safety checks
- Investors have shown little concern over the investigation
Analysts suggest that Boeing’s fundamentals are strong, citing the company’s recent growth and increasing investor confidence. As a result, some analysts believe that it is a good time to invest in the company.