#7 - Boeing (NYSE:BA)
The Boeing Company (NYSE: BA) wraps up this list of trending WallStreetBets stocks. In the week ending March 14, 2024, there have been 399 posts about BA stock. That's a 612.5% increase.
The beleaguered aerospace company is under fire after several high-profile incidents involving its past and current fleet of jets. Unfortunately, this continues a trend that's been in place since 2019, when Boeing had to do a considerable redesign on its 737 Max jet.
BA stock is down 30% in the last 12 months and 10% in the last month alone. Short interest is relatively low at around 1% of the float. That doesn't suggest a lot of interest from short sellers...yet. But with bankruptcy rumors swirling and the stock clearly on the radar of the short interest crowd, you'll want to be very careful before taking a position in BA stock.
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
Read More - Current Price
- $176.94
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $190.11 (7.4% Upside)
WallStreetBets founder Jaime Rogozinski says he created the community as "a place for people to talk about high-risk trades in an unapologetic way for people to make some short term money with disposable income." As the meme stock movement showed, one of the stated missions of the group is to "stick it to the hedge funds."
For many investors, that can feel like gambling. That's one reason the group was virtually unknown until 2020.
Nevertheless, it's important to understand what stocks are popular in this disruptive group. For starters, it may explain unexpected price movement in one or more of your stocks.
Identifying WallStreetBets stocks is another way MarketBeat proves itself as a one-stop resource that adds value for investors. The Top WallStreetBest Stocks is a tool available to MarketBeat All-Access members. You can find it under the Trending Stocks category in the Research Tools section.
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