Boeing Strike Is Over. What to Expect from the Stock

After weeks of strikes, Boeing (BA) is back in business. The stock price dipped 2.52% on Tuesday before the market closed, but it could be due for a turnaround soon.

The strike lasted for seven weeks and involved more than 33,000 factory workers for the plane manufacturer. Boeing offered the workers a new contract agreement three times, and they finally took the third offer, but the vote was only won by a thin margin.

The strike occurred just over a month into new CEO Kelly Ortberg’s time at the company, and he has been working to appease the workers and offer them an agreeable contract. The strike caused massive division throughout the company, separating the factory workers from the other employees and causing serious resentment.

Boeing already had a number of issues to work through without the strikes, which came at a very inopportune time. The company was faced with bad publicity from malfunctioning planes and repairing its reputation with the public and with buyers.

Boeing Stock Predictions

We do expect Boeing stock to remain low for now. The end of the strike spells hope for the company and its ability to move forward, but with a new CEO, a bad reputation at the moment, and the slowdown caused by the strikes, Boeing will be taking a long time to get back on its feet.

While the stock is low, investors should consider this stock, though. Factory workers are getting a wage hike, and that will cut into Boeing’s already slim profits right now. However, the airplane builder is an iconic American institution and will likely survive these setbacks and start making significant upward progress. The question is how long that will take.

Boeing needs to improve its production capabilities and rework its space and defense arm of its business. If it can manage to make significant progress in those two areas in the next few months, we could see a strong stock in 2025.

Premarket trading for Boeing stock showed a 0.60% increase then price, so we could be seeing the start of its upward movement.