Boeing Co (NYSE:BA) shares are trading lower Thursday afternoon as traders weighed fresh defense-contract headlines against a mixed tape for industrial names.
The pullback comes even after Boeing logged 143 commercial deliveries in the first quarter (up from 130 a year ago) and 30 defense deliveries (up from 26), keeping the delivery cadence in focus ahead of the April 22 earnings date in the first quarter.
- Boeing stock is under selling pressure. What’s driving BA stock lower?
Army Chinook Contract Adds Defense Momentum
The U.S. Army on Wednesday awarded Boeing a $324 million contract for six CH-47F Block II Chinook helicopters, lifting the total number of Block II aircraft under contract to 24. Boeing says it has already delivered six CH-47F Block II production helicopters to the Army, with the first unit expected to field no later than mid-CY28 after delivery of Lot 3 aircraft.
Boeing is also pushing incremental value on the commercial side by evaluating Viasat’s AERA electronically steered antenna as a selectable line-fit option across programs including the 737 MAX and 777X, with AERA targeted to enter service in early 2028 in a selectable line-fit.
MACD Signals Improving Momentum For Boeing
Boeing is sitting in the middle of its 52-week range ($153.54 to $254.35), which points to a market still debating the next leg of trend. The stock is trading 5% above its 20-day simple moving average (SMA), a sign near-term trend is still pointed up, but it is also trading 0.9% below its 100-day SMA, which hints the intermediate trend is still trying to firm up.
The moving average structure is mixed: the 20-day SMA is below the 50-day SMA (bearish), but the golden cross in January (50-day SMA above the 200-day SMA) keeps the longer-term backdrop from looking broken. With price also about 1% below the 200-day SMA, the chart is acting like it’s stuck in a “prove it” zone where rallies need follow-through.
The moving average convergence divergence (MACD), a trend/momentum measure, is in a bullish posture with the MACD line above the signal line and a positive histogram, which leans toward improving upside momentum. That setup reads as buyers having a bit more control than sellers right now, even with Thursday’s pullback.
- Key Resistance: $232.00 — an area where rallies have recently tended to stall.
- Key Support: $187.50 — a zone where buyers have previously shown up to defend price.
Boeing Earnings Countdown Is Now Underway
The countdown is on: Boeing Company is set to report earnings on April 22.
- EPS Estimate: Loss of 60 cents (Down from a loss of 49 cents YoY)
- Revenue Estimate: $22.01 Billion (Up from $19.50 Billion YoY)
- Valuation: P/E of 90.3x (Indicates premium valuation relative to peers)
Analysts Still See Upside In Boeing Shares
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $276.40. Recent analyst moves include:
- Citigroup: Buy (Lowers Target to $256.00) (April 2)
- Wells Fargo: Initiated with Overweight (Target $250.00) (April 1)
- Tigress Financial: Buy (Raises Target to $290.00) (March 19)
BA Shares Edge Lower Thursday
BA Stock Price Activity: Boeing shares were down 2.76% at $217.75 at the time of publication on Thursday, according to Benzinga Pro data.
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