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Will Boeing stock drop lower following recent slump?

Micheal Ben


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Yes, the shares of Boeing will dip lower over the coming hours/days. Following the crash of a 737 Max plane, China asked domestic airlines to temporarily ground those jets by 6 p.m. local time, and Ethiopian Airlines said it would ground them until further notice. The stock is lost 19 percent in Germany and it is currently down by 8.76 at the pre-market trading in the US. It could also drop further in the U.S. as concerns are increasing over the jet.

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