Insider Activity Report: Boeing (BA)

Steven Mollenkopf, a director at Boeing (BA), recently added 850 shares. The buy increased his holdings by 29 percent, and came to a total cost of $201,450.

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  • This marks the first insider buy at the airplane manufacturer this year. Last year saw Mollenkopf buy on two occasions, picking up nearly 1,800 shares. Another director bought 5,000 shares, and the company CEO bought 25,000 shares as well. There have been two small insider sales so far this year.

    Overall, company insiders own 0.1 percent of shares.

    Boeing is up 40 percent over the past year, moving 5 times higher than the S&P 500 as a whole. Revenues are up nearly 20 percent, although the company is not yet back to profitability in a tight market where airliners cut back on new deliveries in recent years.

    Boeing operates with limited global competitors, but demand for air travel is still coming back following a massive cutback during the pandemic.

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  • Action to take: Investors may like shares at current prices or on a pullback, as there’s still more room to run higher. Boeing suspended its dividend in 2020 and hasn’t reinstated it yet.

    For traders, the January 2024 $250 calls, last going for about $12.60, stand a good chance of moving in-the-money should shares continue to trend higher into the start of next year. Traders can likely see mid-to-high double-digit gains.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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