Why Boeing is considering a $10 billion stock sale

Boeing Shares ( BA ) are trading higher on Tuesday on news that the embattled aerospace giant is considering issuing new shares. The move would raise at least $10 billion and help BA replenish cash reserves that have been depleted by an ongoing strike at its West Coast factories, according to media reports.

Boeing is working with advisers to explore its options, but any move to raise cash will not happen for at least a month, according to Bloomberg, citing people familiar with the matter.