Boeing ready 'hammer out an agreement' as stock hovers near 52-week lows amid labor dispute

Published On Sep 17, 2024, 2:09 PM

Boeing is currently in negotiations to resolve a labor dispute as their stock price remains near 52-week lows. The company is looking to finalize an agreement soon, which could potentially impact investor sentiment and stock performance positively if a resolution is achieved.

Stock Forecasts

If Boeing successfully negotiates a favorable agreement with labor, it could stabilize operations and boost investor confidence, potentially leading to a bullish trend in the stock. Conversely, further delays or an unfavorable resolution could exacerbate stock volatility and downward pressure.

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An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.

An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.

The company said "executives, managers, and employees" jobs are all at risk