Another Delay: Boeing Does Not Expect 737 MAX Signoff Until July, Stock Tumbles
Boeing shares slide 2% as a new report from CNBC indicates that the 737 Max sign off won’t happen until July. Shares hit a 52-week at the 315-handle and risk further downside to the 300 level as delays continue to mount.
Shares are at their lowest point since Jan. 3, 2019.
Boeing shares could be headed down to a long term trend line if the 300 level is breached.
Tyler Durden
Tue, 01/21/2020 – 13:58
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