What's Going On With Boeing Stock Wednesday? - Boeing (NYSE:BA)

Boeing shares slid more than 1% on Wednesday, while the S&P 500 rose 0.26% and the Nasdaq Composite gained 1% on strength in tech stocks. At the time of publication, BA was down 1.26% to $230.31. The company reported solid commercial activity in July: 53 deliveries, 38 gross orders, and eight cancellations. Year-to-date gross orders totaled 483, with net orders of 438 after cancellations and conversions. Boeing ended July with 6,791 unfilled commercial orders, and its reported commercial backlog stood at 6,192 aircraft after ASC 606 adjustments. Despite the drop, the stock remains above key moving averages, with resistance near $232 and support around $214.