Boeing Stock Price Declines by $2,500 on Strong Chinese Orders
Boeing Stock price has been hit by strong orders from China and is now down $2.5 billion, according to data from the brokerage firm BNP Paribas.
The company’s stock has lost more than a quarter of its value since last September.
BNP says that while the company’s market cap is $3.1 trillion, its value is still about $1.8 trillion.
The stock was trading at $24.87 per share on Friday.
The Dow Jones Industrial Average lost more ground to 2,077.49, while the S&P 500 lost more to 2.1%.