to get worse before rebounding
Boeing stock price has crashed in the past few days, reaching its lowest level in over a month. It has underperformed the broader stock market as the top indices like the S&P 500 and Nasdaq 100 jumped to a record high.
Boeing is facing headwinds
The ongoing Boeing stock price crash is happening as the company faces some major headwinds.
One of these challenges is that its margins are under pressure after Donald Trump launched his tariff campaign earlier this year. Specifically, he added a 25% tariff on imported steel and aluminum, two metals that Boeing uses in all its planes.
Most recently, the chief executive officer noted that its long-delayed 777X jet is behind schedule in terms of certification.
The wide-body plane, which was…
