EADSY - Boeing shares haven't been this low since October 2020. Is now the time to buy?
Boeing (NYSE:BA) shares have descended to lows not seen since the dark days of the pandemic, despite an uptick in air travel and a ramp up in production. Is now the time to buy? Production and Regulatory Woes Cut Into Earnings As of Tuesday night, shares of BA had dropped 20% over the previous 30 days, closing at $153.70, a price range not seen since late October 2020. The decline for BA has been steeper than that of its closest competitors. In comparison, Airbus (OTCPK:EADSY) shares have fallen 9% while those of Embraer (ERJ) have declined 12% and Lockheed Martin (LMT) have slid 3%. BA shares have been under considerable pressure in recent months, as investors worry about continued delays in the resumption of deliveries of its 787 Dreamliner, which were halted in May 2021 over quality control issues. The FAA, which is reviewing BA’s certification plan for the planes,
For further details see:
Boeing shares haven't been this low since October 2020. Is now the time to buy?