Boeing Shares Drop 5% After Report of Possible Delay of MAX 737 Approval

Date : 01/21/2020 @ 7:50PM
Source : Dow Jones News
Stock : Boeing Co (BA)
Quote : 162.0  -18.55 (-10.27%) @ 12:00AM
After Hours
Last Trade
Last $ 157.50 ▼ -4.50 (-2.78%)

Boeing Shares Drop 5% After Report of Possible Delay of MAX 737 Approval

Boeing (NYSE:BA)
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   By Stephen Nakrosis 
 

Shares of Boeing Co. (BA) declined Tuesday following a media report the company isn't expecting regulatory approval for its MAX 737 before June.

At 2:11 p.m. EST, Boeing shares had fallen 5.23% to trade at $307.19. Volume topped 7 million shares, above the 65-day average volume of 5.7 million.

CNBC, citing "people familiar with the matter," said the aircraft maker "doesn't expect regulators to sign off on the 737 Max until June or July."

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 21, 2020 14:35 ET (19:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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