Why Shares of Boeing Are Down Today
Shares of Boeing (NYSE: BA) lost altitude on Monday following an analyst downgrade. The stock traded down as much as 4.6% as investors digest the long recovery ahead for the aerospace giant.
Boeing and its investors will be glad to see 2020 gone. The stock lost 34% for the year, and at one point traded down nearly 75%, on the one-two punch of continued issues with the 737 MAX and the pandemic's impact on commercial airlines.
The year seemingly ended on an upbeat swing, with the 737 MAX recertified to fly again after 20 months on the ground and a COVID-19 vaccine providing hope that the worst is over for aviation. But Boeing faces a multi-year recovery, and has no quick fix.
Source Fool.com
