Why Did Boeing Stock Drop?
- Shares of Boeing and one of its key suppliers dropped sharply on Monday in the first half
- As investors grew worried about possible damage to the businesses after a piece of an Alaska Airlines flight blew out in mid-flight.
Boeing Chart: Before and After
- Boeing Stock Drop Almost 8% on Monday, biggest since Oct 2022.
Source: Youtube/CNBC TV
What is the Alaska Airline Incident?
- The mid-cabin door plug was lost mid-flight on an Alaska Airlines flight leaving Portland, Oregon.
Passengers to fierce winds and demand an emergency landing - There were six staff members and 171 passengers on board, however no one was seriously hurt.
what does Boeing company do?
As of January 2024, Boeing has a market cap of $138.53 Billion. This makes Boeing the world's 92nd most valuable company by market.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.
The company also provides leasing and product support services.
Who owns Boeing?
Institutional investors hold a majority ownership of BA through the 62.62% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Aerospace and defense industry.
Top 5 Share Holders of Boeing
| Holder | # of shares | value |
|---|---|---|
| Investment Co Of America | 5,149,730.00 | 360,919,147.10 |
| Ken Fisher | 5,149,730.00 | 1,277,964,001.29 |
| Washington Mutual Investors F | 5,149,730.00 | 1,268,010,536.01 |
| Vanguard Institutional Index Funds | 4,206,717.00 | 1,111,709,101.59 |
What Airlines Fly Boeing?
According to data from aviation analytics company Cirium and international flight tracking service Flightradar24, Alaska, and United Carriers are the only two significant.
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