According to an announcement by the National Aeronautics and Space Administration (NASA) on Tuesday, workplace safety culture at Boeing Co (BA) and SpaceX will be inspected, since the two companies prepare to transport astronauts to the International Space Station (ISS).
Boeing shares closed lower for a tenth consecutive trading session in New York on Wednesday. The stock edged down 0.12% ($0.38) to $317.32, after touching an intraday high at $326.81, or a price level not seen since November 19th ($336.04).
Shares of Boeing Company have surged 7.60% so far in 2018 compared with a 0.89% drop for the benchmark index, S&P 500 (SPX).
In 2017, Boeing’s stock rose 89.43%, thus, it again outperformed the S&P 500, which registered a 19.42% return.
Boeing Co and SpaceX are the two main contractors, appointed under NASA’s commercial crew program to transport astronauts to the ISS next year with their respective Starliner and Dragon spacecraft.
According to NASA, a “cultural assessment study” of the two companies will be conducted, “including the adherence to a drug-free environment,” ahead of crew test flights.
“We fully expect our commercial partners to meet all workplace safety requirements in the execution of our missions,” the National Aeronautics and Space Administration said in a statement, cited by Reuters.
In an emailed statement, Boeing Co said that it was dedicated to the success of the mission as NASA’s partner and that it would ensure the integrity, safety and quality of its employees, work environment as well as its products.
According to CNN Money, the 23 analysts, offering 12-month forecasts regarding Boeing Company’s stock price, have a median target of $426.63, with a high estimate of $515.00 and a low estimate of $330.00. The median estimate represents a 34.45% upside compared to the closing price of $317.32 on November 21st.
The same media also reported that 16 out of 25 surveyed investment analysts had rated Boeing Company’s stock as “Buy”, while 6 – as “Hold”.
Weekly Pivot Levels
By using the traditional method of calculation, the weekly levels of importance for Boeing Co (BA) are presented as follows:
Central Pivot Point – $345.86
R1 – $360.57
R2 – $385.18
R3 – $399.89
R4 – $414.59
S1 – $321.25
S2 – $306.54
S3 – $281.93
S4 – $257.31
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