The big names are falling apart.
Boeing Co. (BA) hit an all-time high of $446.01 just one year ago. Today, shares of BA closed the regular trading session at $124.14 and are currently trading at 119.42 in extended trading after news that the company is seeking tens of billions of dollars in U.S. government loan guarantees and other assistance.
U.S. President Donald Trump said the government would provide financial assistance to Boeing Co (BA.N) as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
The stock is down 77% from ATH and according to the shape of chart this is not even close to bottom.
Boeing Co. (BA) hit an all-time high of $446.01 just one year ago. Today, shares of BA closed the regular trading session at $124.14 and are currently trading at 119.42 in extended trading after news that the company is seeking tens of billions of dollars in U.S. government loan guarantees and other assistance.
U.S. President Donald Trump said the government would provide financial assistance to Boeing Co (BA.N) as the entire aviation sector faces economic turmoil over the coronavirus pandemic.
The stock is down 77% from ATH and according to the shape of chart this is not even close to bottom.