Boeing investors lost $26.6 billion in the first two trading days this week following the deadly crash of one of its popular 737 Max 8 jets in Ethiopia.
Boeing’s shares slid 11 percent from $422.54 Friday to $375.41 at Tuesday’s close before turning positive Wednesday morning. The share slide cut its market value from $238.7 billion to $212.1 billion over Monday and Tuesday as international aviation regulators and airlines moved to ground 737 Max jets from China to Mexico.
Its shares were up by less than 1 percent Wednesday.
Edward Jones downgraded Boeing’s stock to hold from buy, noting a possible “delay in orders.”
Boeing investors lost $26.6 billion in the first two trading days this week following the deadly crash of one of its popular 737 Max 8 jets in Ethiopia.
Boeing’s shares slid 11 percent from $422.54 Friday to $375.41 at Tuesday’s close before turning positive Wednesday morning. The share slide cut its market value from $238.7 billion to $212.1 billion over Monday and Tuesday as international aviation regulators and airlines moved to ground 737 Max jets from China to Mexico.
Its shares were up by less than 1 percent Wednesday.
Edward Jones downgraded Boeing’s stock to hold from buy, noting a possible “delay in orders.”
CNBC.com