Boeing Co. BA shares are trading lower by $2.68 at $129 in Wednesday's session. The catalyst for the sharp decline is a downgrade from Neutral to Underperform.
The downgrade comes after the issue has backed off from the high of recent run from its February 11 low ($102.10) to its recent high at $136.78. That is well shy of its all time high that was made in February 2015 at $158.83.
At this time, the issue is holding its early morning low of $128.49. It's early morning high ($130.10) is quite a distance from the lower-end of Tuesday's range at $132.21.
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