Boeing Co BA shares are trading lower by $1.00 at $138.02 in Wednesday's session. That's despite a Q3 EPS beat of nearly a dollar along with a slight beat for revenues.
The initial price spike in pre-market trading into the mid-$140 handle immediately attracted droves of sellers. As a result, the issue had a lower open and attempted to rally. However, it found sellers ahead of Tuesday's close ($139.02) and the downdraft continued.
The ensuing decline found support just above Monday's low ($136.41), only reaching $136.72 before mounting a comeback into the $138 handle.
Update: The stock has since recovered to the green, trading at $139.92
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