Boeing Co. (BA)

$ 149.31
   
  • Change Today:
    $-4.98
  • 52 Week High: $264.27
  • 52 Week Low: $146.62
  • Currency: US Dollars
  • Shares Issued: 1,012.26m
  • Volume: 29,152,220
  • Market Cap: $151,141m
  • RiskGrade: 190

FAA grounds 171 Boeing 737 Max 9s

By Iain Gilbert

Date: Monday 08 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Aircraft manufacturer Boeing shares were in free fall early on Monday after the US aviation watchdog said 171 Boeing 737 Max 9 planes would remain grounded until it was satisfied that the planes were safe.
The Federal Aviation Administration's investigation into the jets comes after part of an Alaska Airlines plane's fuselage fell off on Friday.

The FAA stated its first priority was "keeping the flying public safe", while chief executive Dave Calhoun stated Boeing's response "is and must be" the focus of the company.

Boeing's 737 Max has been branded "the most scrutinised transport aircraft in history" following a series of safety issues, including being grounded in March 2019 for 18 months after two vehicles crashed in similar circumstances to each other.

Boeing has also vowed to increase the pace of 737 Max deliveries after resolving a supply error that called for lengthy inspections of new planes and its inventory.

As of 1540 GMT, Boeing shares were down 8.17% at $229.44 each.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Boeing Market Data

Currency US Dollars
Share Price $ 149.31
Change Today $ -4.98
% Change -3.23 %
52 Week High $264.27
52 Week Low $146.62
Volume 29,152,220
Shares Issued 1,012.26m
Market Cap $151,141m
RiskGrade 190

What The Brokers Say

Strong Buy 10
Buy 7
Neutral 10
Sell 0
Strong Sell 1
Total 28
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 31-Oct-2024

Time Volume / Share Price
15:59 159 @ $149.38
15:59 100 @ $149.37
15:59 100 @ $149.37
15:59 100 @ $149.37
15:59 100 @ $149.37

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