Boeing Dips In Pre-Market As Struggling Plane Maker Considers Raising $10B Through Stock Sale Amid Strike
Portfolio Pulse from Pooja Rajkumari
Boeing Co. (NYSE:BA) is considering raising $10 billion through a stock sale to bolster its cash reserves amid a strike by 33,000 workers. The stock dipped 1% in pre-market trading. The company is assessing the financial impact of the strike before proceeding with the sale.
October 01, 2024 | 11:55 am
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Boeing is contemplating a $10 billion stock sale to replenish cash reserves amid a strike by 33,000 workers. The stock dipped 1% in pre-market trading. The sale is contingent on resolving the strike's financial impact.
The news of a potential $10 billion stock sale indicates financial strain, which is negative for stock prices. The ongoing strike by 33,000 workers adds uncertainty, further pressuring the stock. The 1% dip in pre-market trading reflects investor concerns.
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