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
It did tank the stock. It is down about 10% from March 7th and 30% from its year high. This is in a market where most stocks are approaching record highs.
If it is going up today, it is because the market thinks that the drop was a bit too much and it is correcting.
The whistleblower and plane quality issues are severe, don’t get me wrong, but Boeing is one of **two** major commercial airline manufacturing companies (Airbus being the other). There is no world where they are pushed to insolvency because it would create an effective monopoly. There will likely be serious restructuring and many senior leaders might be replaced, but Boeing itself is almost 100% guaranteed to continue as a company.
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