Lawrence Kellner, a director at
Boeing (BA), recently added 5,000 shares. The buy increased his holdings by 200 percent, and came to a total price of just over $1.04 million.
This marks the second director buy so far this month, as another director bought 480 shares at a cost of just over $100,000 at the start of the month. Over the past three years, insiders have been more likely to be sellers rather than buyers.
Overall, insiders own just under 0.1 percent of the company.
Shares of the airline manufacturer are up 4 percent in the past year, underperforming the S&P 500 by about 10 points. The company is still coming off major drops over the past few years, but is nearly back to profitability.
Action to take: The company’s greatest strength lies in having few global competitors. With travel demand on the rise again, operations are likely to improve and shares are likely to continue to trend higher. That bodes well for investors buying now.
Investors may consider the stock for a longer-term rebound in the travel sector, although shares doesn’t currently pay a dividend.
Shares have been generally rangebound between $200 and $250 in the past year, and are currently on the rise. Traders might like the May $250 calls. Last trading for about $6.20, they could deliver 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.