Thoroughbred Financial Services cut its Boeing stake by 12.2%, as the company reported a loss of $5.90 per share.

Thoroughbred Financial Services LLC reduced its stake in Boeing by 12.2%, selling 1,014 shares, amid the company reporting a quarterly loss of $5.90 per share, missing analyst expectations. Boeing faces challenges from the 737 MAX issues and lower travel demand due to the pandemic. Despite these, the company's stock has a "Moderate Buy" rating with a target price of $196.10.

7 days ago
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