Shares of Boeing fell 3.1% Wednesday afternoon, turning firmly lower intraday after President Trump executed an executive order grounding all 737 Max planes, effective immediately. The Wednesday afternoon announcement comes after a wave of restrictions by other countries and aviation regulatory bodies. The declines for the shares over the past three days, would represent, the worst weekly decline, off 13.2%, since a 13.4% decline in the week ended June 26, 2009, according to FactSet data.
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with a b though
That’s it?!! The company should be bankrupt!
If my fam was on those flights, im getting $33mm alone. Their autopilot had a glitch to force the planes to nosedive. That's not a coincidence.
*bn
billion. :-O