I have just gotten into watching stocks and I am perplexed that Boeing’s stock is green with all the bad press they have been getting. I would think subpar plane quality and the mysterious death of a whistleblower testifying against them would be enough to tank the stock.
In: Economics
Go look at the stock price and change the view from the past 24 hours to the past month or past year. There was a jump this morning probably because a bunch of people figured, it’s dropped a lot so “buy low” mentality. While things are bad, it’s not completely unreasonable to think maybe Boeing will turn it around. And if someone believed that, buying when the stock is lower than it’s been would be a good idea from that point of view. I don’t have a crystal ball so I don’t know how things will turn out but… things definitely do not look good, but they’re one of the two big airline aircraft manufacturers and it’s very difficult for a start up to come in an challenge them without substantial government investment. So if the US government was push to stay in the game, it might make more sense to just force major changes at Boeing then start from the ground up.
It may be green from yesterday, but it’s still down substantially from where it was a month ago, which was substantially down from where it was in December.
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