Why Shares in Boeing Slumped in May
Shares in aviation giant Boeing (NYSE: BA) fell 11.7% in May, according to data provided by S&P Global Market Intelligence. The move is a stock-specific issue as the benchmark S&P 500 index was unchanged on the month, and better-quality stocks in the aviation sector had a positive performance in the month.
Following the 737 MAX grounding debacle, Boeing is not a company with a lot of investor confidence in the tank. That's a big reason why the share price is susceptible to negative news, and unfortunately, there was plenty of that in May.
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Source Fool.com
