The post Jim Cramer recommends buying this stock due to ‘a very nice price’ appeared on BitcoinEthereumNews.com.

Noted for his strange – and often worse – stock picks, Jim Cramer has yet again doubled down on his arguably most controversial recommendation of 2024. In a tweet published in the early hours of October 29, the former hedge fund manager and energetic host of Mad Money endorsed investing in the collapsing aeronautics giant Boeing (NYSE: BA). Specifically, Cramer described BA shares being priced at $143 as better than he expected and at ‘a very nice price.’ He also added that traders might try buying Boeing stock slightly above, but only with a limit order. Boeing priced at $143, even better than i thought. Hope you got some. You can try to buy some more above that with a limit order but what that is a very nice price — Jim Cramer (@jimcramer) October 29, 2024 Apparently, Jim Cramer seems to think Boeing’s woes may soon come to an end and that the shares could enter a rally. A purchase at $143 would indeed be at a discount compared to BA stock’s latest closing price of $150.69. Boeing raises $20 billion to stave off financial issues, rating downgrade It is also the price at which the aeronautics giant’s most recent share offering – simultaneously one of the biggest such offerings in history – was conducted.  Specifically, Boeing raised more than $20 billion to offset its losses from a deluge of accidents, mishaps, loss of prestige, and the ongoing worker strike and to prevent a rating downgrade. It involved 112.5 million common shares and about $5 billion worth of convertible stock. Investors who participated and purchased BA stock at the ‘very nice price’ are, at press time on October 29, in the green, but the Tuesday pre-market does cast some doubt if this will remain the case for long. In…

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Filed under: News - @ October 29, 2024 2:22 pm