The Boeing Company (NYSE:BA) shares are off to the races today, up 9% and climbing to the $52 level after the company said the Dreamliner would take flight later this year. In the last 5 days Boeing shares are up 15%.
To follow the canceled and Hail Mary New Orders for Boeing's (NYSE:BA) Dreamliner requires an entire blog devoted to the subject. Boeing Company shares have been all over the place thanks to turbulent Dreamliner developments, since June 8th BA shares have lost 22% of their value. Have Boeing shares finally hit bottom?
As if residents weren't already Sleepless in Seattle, with WaMu going down, local real estate falling, Starbucks layoffs, Seattle PI up for sale after 146 years, and now this from Boeing? Gov. Chris Gregoire said the announcement is "sad and disappointing, and yet more evidence of the deepening national recession."