Boeing (NYSE:BA) stock is falling on Monday as investors react to two pieces of news that are dragging down the aircraft company’s shares this morning.
The first piece of news hitting BA stock today involves a criminal investigation into the company. This is being headed by the U.S. Justice Department and has to do with a airplane door blowout earlier this year.
That blowout happened in early January and resulted in a large hole in a Boeing plane during an Alaska Air (NYSE:ALK) flight. The airline is cooperating with the investigation and says it doesn’t believe it is the “target of the investigation.”
Flight Issues Plague BA Stock
The next issue facing Boeing today concerns problems that cropped up during a Latam (OTCMKTS:LTMAY) flight. The airline noted that a technical problem resulted in serious movements mid-flight that sent some passengers out of their seats.
This issue resulted in dozens of people being examined for injuries after the flight. Most of them were minor, but one individual is in serious condition. That’s another black mark on BA stock today as the safety of its aircrafts becomes a concern for investors.
BA stock is down 3.8% as of Monday morning with some 5.6 million shares traded. The company’s daily average trading volume is about 9.5 million shares. The company’s shares are also down 24.2% since the start of the year.
There are more stock market stories worth reading about on Monday! Among them are what’s happening with iShares Bitcoin ETF (NASDAQ:IBIT), Nio (NYSE:NIO) and Coinbase (NASDAQ:COIN) stock today. You can find out more on these matters at the links below!
More Monday Stock Market News
- IBIT ETF: Is the iShares Bitcoin Trust Now the Top Way to Play Record Bitcoin Prices?
- Why Is NIO Stock Up Today?
- Cathie Wood Just Dumped $150 Million of Coinbase (COIN) Stock
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
