By Scott Hamilton
March 12, 2020, © Leeham News: Boeing stock is in another sharp decline today.
Yesterday, the stock fell 18%, to close under $200 for the first time since May 2017.
Today, the stock was off 15% in early morning trading, to a low of $156. At this writing, Boeing is down 13.5% at $163. The Dow Jones was down 7%.
Year-to-date, Boeing is off 52%.
While here in the US, focus is on Boeing, looking at the Paris stock exchange, Airbus stock also in in a similar decline—without all the baggage Boeing has.
Year-to-date, Airbus is off 45%. It’s off 14% today. Although not as volatile as Boeing’s stock, the illustrations show a remarkably similar trading pattern.