The Boeing Co. (NYSE:BA) stock gained during Tuesday’s premarket session. Meanwhile, broader market sentiment improved ahead of the opening bell. Nasdaq futures rose 0.91%, while S&P 500 futures gained 0.45%.
The stock has pulled back from its late-summer high. Investors are now watching whether Boeing can revive its longer-term uptrend as momentum weakens.
Boeing shares have fallen 7.23% during the past 12 months. As a result, investors want to see whether recent trend improvements can produce lasting gains.
Lands $131 Billion F-15 Contract
Separately, Boeing has received a contract with a ceiling of $131.23 billion to support the U.S. military’s F-15 fighter jet program.
