FAA Clears 737 MAX Software Glitch, But Boeing Stock Stays Cautious

The FAA said a 737 MAX software glitch does not pose a flight safety concern. Jefferies analyst Sheila Kahyaoglu wrote Sunday that the decision means the MAX-10 can be certified by year-end. Boeing has more than 1,500 orders for the MAX-10. Despite the good news, Boeing stock fell 0.4% Monday to $192.72 and is down 2.5% since the glitch was discovered. BofA analyst Ron Epstein called it a volatile but very good week for Boeing, citing the FAA news, a Navy fighter jet contract, and a union deal. Investor confidence remains shaken.