Boeing Gains Despite Prosecutors' Push For Criminal Charges
Portfolio Pulse from Michael Juliano
Boeing's stock rose by 1.5% despite U.S. prosecutors recommending criminal charges against the company for allegedly violating a 2021 settlement related to two fatal 737 MAX crashes. The DOJ must decide by July 7 whether to prosecute Boeing, which insists it has complied with the settlement terms.
June 24, 2024 | 3:54 pm
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Boeing's stock rose by 1.5% despite potential criminal charges for allegedly violating a 2021 settlement related to two fatal 737 MAX crashes. The DOJ must decide by July 7 whether to prosecute Boeing, which insists it has complied with the settlement terms.
Despite the potential for criminal charges, Boeing's stock rose, indicating investor confidence or a belief that the charges may not materialize. The DOJ's decision by July 7 will be crucial for short-term stock movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100