Why Boeing Stock Is Down Today
Boeing (NYSE: BA) made a big move to put part of its troubled past behind it, but the aerospace manufacturer also apparently has fallen out of favor with what had been a key customer in China. Investors are disappointed, sending shares down nearly 5% in Friday trading.
Boeing has taken its investors on a turbulent ride over the past few years.
The company's 737 MAX, which was once billed as having the potential to be the top-selling aircraft of all time, was involved in fatal crashes in 2018 and 2019 that led to the plane being grounded for 18 months and prompted a comprehensive review of Boeing's engineering and safety practices. The company is still feeling the impact of that review, with the 787 Dreamliner only recently cleared by safety regulators.
Source Fool.com
