Huge sell-off on Boeing counters

201.47 (-0.03)

February 23,2024



209.40 (-0.41) - 0.20%

Friday,3,2K24

BOEING (BA;NYSE)

 204.89 +1.49% [+3.01]

26 January , 2k24 



BOEING (BA;NYSE)

200.34  -13.79 (-6.44%)


Huge sell-off on Boeing counters after 



THE BofA lowers its rating following the Alaskan aviation incident 


Following the US Federal Aviation Administration's (FAA) decision to halt planned increases in production of the 737 Max, one of Boeing's major aircraft models, the company's shares (NYSE:BA) dropped on Thursday once more.


Analysts pointed out that the company's growth trajectory and free cash flow in the upcoming quarters could be impacted by this freeze on output expansions.

The FAA's decision to stop 737 Max production increases raises possible operational or regulatory issues that should be resolved before extending manufacturing capacity.

Furthermore, following the Bank of America analysts' decision to remain neutral following the Alaska Airlines incident and the deactivation of the 737 Max-9, the stock selloff intensified.

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