Boeing shares are trading lower after its machinists rejected a proposed deal, extending a five-week strike.
Portfolio Pulse from Benzinga Newsdesk
Boeing shares are experiencing a decline as its machinists have rejected a proposed deal, prolonging a five-week strike.
October 24, 2024 | 10:13 am
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Boeing's stock is trading lower due to machinists rejecting a proposed deal, which extends an ongoing five-week strike.
The rejection of the deal by machinists indicates ongoing labor disputes, which can disrupt production and affect Boeing's operations and financial performance. This uncertainty is likely causing the stock to trade lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100