Boeing shares are trading lower after the company on Wednesday reported worse-than-expected Q2 results and appointed Kelly Ortberg as new CEO. The stock gained following the report and is lower on Thursday.
Portfolio Pulse from Benzinga Newsdesk
Boeing shares are trading lower after the company reported worse-than-expected Q2 results and appointed Kelly Ortberg as the new CEO. The stock initially gained following the report but is now lower.
August 01, 2024 | 5:19 pm
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Boeing shares are trading lower after the company reported worse-than-expected Q2 results and appointed Kelly Ortberg as the new CEO. The stock initially gained following the report but is now lower.
The worse-than-expected Q2 results are likely causing investor concern, leading to a drop in share price. The appointment of a new CEO, while significant, has not offset the negative impact of the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100