According to the Wisdom Financial APP, on Tuesday, Boeing(BA.US) surged rapidly midday, up nearly 3% to $155.11 as of the time of publication. On the news front, Boeing raised about $21 billion in funds through a large-scale stock offering, one of the largest in the history of public companies, bolstering its balance sheet at a time when the company is burning through cash. According to a statement, the aircraft manufacturer sold 0.1125 billion common shares at a price of $143 per share. The offering price was about 7.7% discount to the closing price of $155.01 per share on last Friday. The statement noted that the company also sold $5 billion worth of depositary stock, equivalent to a 1/20 equity stake in the mandatory convertible preferred stock.

Injecting funds has addressed one of the most urgent tasks for Boeing's new CEO, Kelly Ortberg. Boeing's balance sheet has been under pressure due to years of safety incidents and strikes.