Why Shares of Boeing Are Down Today
Shares of Boeing (NYSE: BA) fell 7.7% on Monday morning and were down more than 2% as of 2 p.m. EDT on some distressing new headlines concerning the COVID-19 pandemic. A second wave could halt a recent recovery by the airlines, and further endanger Boeing's commercial order book.
Boeing shares are down 40% year to date due to the pandemic, but the stock has doubled since mid-March thanks to the company's efforts to boost liquidity and data points indicating that air travel bottomed out early in the crisis and is now slowly recovering.
Image source: Boeing.
Source Fool.com
