BA - Is Now a Good Time to Buy Boeing Stock?
2024-07-18 09:10:00 ET
Despite relative strength across the major stock market indices so far in 2024, one stock that hasn't fared so well is Boeing (NYSE: BA) . A little more than halfway through the year, shares of the aerospace company have plummeted roughly 30%, making it one of the worst performers in the Dow Jones Industrial Average . From a lackluster financial performance to a litany of public relations disasters, Boeing seems to be caught in some prolonged turbulence.
Let's take a look at what is going on at the company and assess if now is an opportunity to buy the dip , or if investors are best off avoiding Boeing right now.
Boeing has been the center of attention in the aviation industry for several months now. Earlier this year, the company faced some harsh criticism after a passenger door blew out on one of its 737 jetliners during an Alaska Airlines flight. At the time, this was some pretty jarring news. However, little did investors know that this would be just the first in a series of dominoes to fall for Boeing.
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Is Now a Good Time to Buy Boeing Stock?