Why Boeing Stock Is Falling Today
Boeing (NYSE: BA) is a mess, and on a day in the markets when fear is triumphing over greed, investors seem to have little desire to hold on and ride out a restructuring campaign. Shares of Boeing traded down as much as 8% as of early afternoon on Monday, easily surpassing the S&P 500's 2.8% decline.
Boeing has had a four-year run that the company and its investors would likely rather put behind it. The company's 737 MAX, which was once expected to be the best-selling commercial aircraft of all time, was grounded in 2018 after a pair of fatal accidents. Those incidents sparked investigations that revealed a lot of embarrassing details about the company's culture and led to fresh scrutiny, and a number of groundings, of other Boeing designs.
Image source: Boeing.
Source Fool.com
