Boeing shares are trading lower after the company said it expects 737 deliveries at the low end of the 400-450 range.
Portfolio Pulse from Benzinga Newsdesk
Boeing has announced that it expects 737 deliveries to be at the lower end of the 400-450 range, leading to a decrease in its share price.
September 07, 2023 | 2:08 pm
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NEGATIVE IMPACT
Boeing's stock price is expected to be negatively impacted in the short term due to the lower than expected 737 deliveries.
Boeing's announcement of lower than expected 737 deliveries indicates a potential decrease in revenue, which is likely to negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100