Boeing Co. Destroyed After Q4 Report

Boeing Cp.

shares are trading lower by $10 at $118.01 in Wednesday's session. Despite a Q4 beat for EPS, the Street is very concerned over its sharply lower FY 2016 guidance. The beat down in the premarket has continued into the regular session. The issue peaked of its opening print of $119.90 and continued lower. The ensuing decline did not find support until $115.02 and has subsequentlky rebounded into the $188 handle. The current low coinicdes with its August 24 Flash Crash low of $115.14.