Boeing stock hovers near 52-week lows amid labor dispute

Published On Sep 17, 2024, 3:49 PM

Boeing's stock is currently near its 52-week lows due to a labor dispute, which has raised concerns about the company's operational stability and delivery schedules. This uncertainty is impacting investor confidence and may contribute to a southward trend in stock prices as the situation develops. Investors should keep a close eye on the negotiations and any announcements regarding the outcome of the dispute, as it could significantly influence Boeing's financial performance moving forward.

Read full article

Stock Forecasts

BAView BA chart on TradingView

Negative

Given the ongoing labor dispute and the associated uncertainty, Boeing's stock is likely to continue facing downward pressure until the situation is resolved. The potential for delays and disruptions in production and delivery can deter investor confidence, leading to further declines in stock price.

Related News

Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike

Oct 11, 2024, 5:24 PM

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.

BA

Boeing to cut 17,000 jobs, delay first 777X delivery as strike hits finances

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.

BA

Boeing to axe 10% of staff and slow production of 777x plane

Oct 11, 2024, 5:17 PM

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

BA