Boeing shares continue to slide, marking ninth day of losses

Boeing Co . (NYSE:) shares were down 1.07% at $208.40 on Wednesday, marking the company’s ninth consecutive day of losses in a mixed trading session for the stock market. This comes as the (INDEXSP:.INX) rose by 0.12% to 4,467.44, and the (INDEXDJX:.DJI) fell by 0.20% to 34,575.53.

The aviation giant’s stock closed $34.70 below its 52-week high of $243.10, which was reached on August 1st, 2023. In comparison to some of its competitors on Wednesday, Boeing underperformed as shares of RTX Corp. (NYSE:RTX) remained unchanged.

Trading volume for Boeing stood at 3.5 million, remaining 1.7 million below its 50-day average volume of 5.2 million.

While the broader market presented a mixed picture on Wednesday, Boeing’s continued slide has been a notable development in the sector. The company’s performance will be closely watched by investors and market analysts in the coming days to see if this downward trend continues or if a rebound is on the horizon.

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