Something happened, now this stock is moving
Boeing Co (NYSE:BA) made an announcement today, which pulled the stock price down by 7.53% as at 5am Sydney time.
Investors in Boeing were not impressed with the aircraft manufacturer’s first-quarter results including sales and revenue that missed analysts’ expectations and a net loss of US$1.2bn for the quarter. Boeing also announced US$2.7bn in charges and added costs across its aircraft portfolio as well as pausing production of its 777x plane and pushing back delivery expectations for the 777x plane to 2025.
Following today’s announcement, Boeing Co stock is now down 25.69% year to date.
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