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Stock in Boeing Climbs Amid News of New Airplane Orders.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, July, 2000 by McMillin, Molly
Jul. 28--The price of Boeing stock has reached heights not seen since 1998, spurred most recently by company announcements of billions of dollars in airplane orders at the Farnborough International air show this week.
One industry analyst said the company's stock could more than double over the next two years.
Boeing stock prices jumped to $50.25 at midday on Tuesday, before settling to $49.44 on the New York Stock Exchange at the close of the day.
The 52-week low is $32, but the stock has been on an upswing since March.
This week's share price approached a two-year high -- on July 17, 1998, the stock rose to $50.125 before closing at $50.
Boeing shares closed Thursday at $48.25.
Boeing announced more than $20...
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