Author has a bearish interest in Boeing shares. This article is not investment advice and should not be interpreted as such.
The crash of a brand-new Boeing 737 Max in Ethiopia is the second major incident for the US Aerospace company’s hottest commodity. The tragedy which cost the lives of more than 150 people sent shock waves around the world. Beyond the terrible circumstances of losing an entire jetliner, the internet is buzzing with talk of how this might affect Boeing’s share price at the open of trade on Monday. The New York Stock exchange’s BA shares have been one of the top performers in the Dow this year, and so naturally there are a lot of people with a lot to lose if funds start slashing positions at the NYSE’s opening bell. Boeing (BA) is an integral part of the price-weighted Dow Jones and the S&P 500.