Shares in Boeing Co passed the threshold of USD80 on Thursday (6 April) on the New York Stock Exchange.

According to The Associated Press, the company’s stock reached USD80.13 before closing up USD0.71 at USD79.82 on the New York Stock Exchange, an increase of 37% from a year ago.

The increase is reportedly due to the manufacturer’s higher than expected deliveries of commercial aircraft in the first quarter, which have in turn led both Goldman Sachs and Ragen MacKenzie to increase estimates for the company’s first quarter earnings.

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