Don't Expect Boeing Stock to Bounce Back in March

Core Viewpoint - Boeing Co has faced significant challenges over the past year, including issues in its commercial and defense units, as well as a workers' strike, leading to its inclusion on a list of the 25 worst S&P 500 stocks to own in March [1] Group 1: Stock Performance - Boeing's stock averaged a 5% loss in March over the last decade, with only three instances of closing higher during that period [2] - The stock is currently trading at $175.27, indicating a potential drop to around$166 if it follows historical trends [2] - Boeing's stock has a year-over-year deficit of 15.2% and has struggled to close above the $188 level since January, with five consecutive closes below the 20-day moving average [3] Group 2: Market Sentiment - Despite Boeing's recent struggles, options traders remain optimistic, as indicated by a 50-day call/put volume ratio of 2.14, which is higher than 98% of annual readings [4] - Short sellers maintain a strong position, with 19.18 million shares sold short, representing 214.7% of the stock's available float, despite a 16.6% decrease in short interest over the last two reporting periods [5]