Investor Alert

March 11, 2020, 11:48 a.m. EDT

Boeing stock falls 9%, poised for its lowest in more than 2 years

Shares of Boeing Co. (NYS:BA) fell nearly 9% on Wednesday, poised to end at their lowest since July 2017. The stock was the worst performer on the Dow Jones Industrial Average on Wednesday. Earlier Wednesday, a Bloomberg News report citing people familiar with the matter said the aircraft maker plans to draw down the full amount of a $13.825 billion loan as early as Friday. Boeing is reeling from the fallout from the ongoing delay in returning its 737 Max planes to service and faces the impact from travel disruptions from the novel coronavirus. The stock has halved in price since its March 1, 2019 all-time high and is down 48% in the past 12 months, compared with losses of 0.4% for the S&P 500 index (S&P:SPX) and 6.5% for the Dow Jones Industrial Average. (DOW:DJIA)

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