Why Boeing Stock Just Slipped
Boeing (NYSE: BA) stock soared 8% yesterday on the back of positive expert and press commentary, praising the company for its "speedy response" and efforts to cooperate with air travel safety regulators investigating the failure of two engines aboard Boeing-built airplanes over the weekend. Today, Boeing stock is going back down -- 4.5% as of 3 p.m. EST -- and I think you can trace the price movement back to the newspapers this time as well. Yesterday, if you recall, the talk was all about how the failures of engines built by Raytheon Technologies couldn't really be the fault of Boeing, which only installed the supplier's engines on its own airplanes.
