Boeing stock declines

Published 9:00 pm Monday, February 26, 2007

In the last two days, Boeing’s stock has dropped more than $3 to close at $87.20 Tuesday.

Analysts attributed Monday’s decrease to news that the Government Accountability Office recommended the Air Force rescind a $15 billion helicopter contract it gave to Boeing and reopen the bid to other suppliers. Tuesday, like most U.S. stocks, Boeing’s took another hit after a dramatic sell off in the Chinese market.

On Feb. 15, Boeing’s stock closed at a record high of $91.71. It has dropped $4.51 since then, closing Tuesday nearly 2 percent down for the day and about 3.5 percent down for the week.