Monday, November 30, 2020

Tag: Plunge to Four-Year Low

Airline Stocks, Battered by Coronavirus & Boeing 737 MAX, Plunge to Four-Year Low

by Wolf Richter, Wolf Street:

Boeing got battered too but not nearly enough. Introducing my SADJAUS stock index tracking the 7 largest US airlines.

Boeing shares dropped 5.8% today, to $287.76, below where they’d been on that infamous December 24, 2018, and back to where they’d been on December 12, 2017. My only question to the market today is this: What took so long?