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
They are down roughly 10% over the last week.
Trying to look at a very short window for a stock to see how it’s doing is like measuring rain one day in the summer and saying whether or not there’s a drought. Short patterns are not related at all to the long term patterns.
One important thing is people betting on Boeing bouncing back, and so they’re willing to buy at an amount that is at or near a low point and expecting it to go back up to the “typical” value. That typically prevents stock prices for “too big to fail” businesses from going too far down.
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