NEW YORK - Shares of aerospace giant Boeing (NYSE:BA) Co. experienced a significant drop on Monday, falling to $226.74, which represented an 8.94% decline and marked the lowest closing price since November 29 of the previous year. The downturn ended a two-day streak of gains for the company's stock.
The latest decline contributed to a 13.01% decrease in Boeing's share value for both the month-to-date and year-to-date periods. Despite the recent slump, the company's shares have still managed to record an increase of over 8% compared to the same time last year. Additionally, the current stock price remains substantially higher, by nearly one-third, from the annual low recorded on October 25.
Boeing's stock faced its most significant intraday fall since October 26, 2022, making it the poorest performer within the Dow Jones Industrial Average (DJIA) for the day. The sharp decline in Boeing's shares had a pronounced negative effect on the DJIA, dragging the index down by more than one hundred points.
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