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Stock Alert: Boeing Nosedives To New 52-week Low

Shares of Boeing Co. (BA) are falling more than 18 percent in the morning trade on Wednesday at $101.30, after touching a new 52-week low of $99.55 earlier. The stock has traded in a range of $99.55 to $398.66 in the past 52 weeks.

Tuesday, Boeing said it is seeking $60 billion in access to public and private liquidity for the aerospace manufacturing industry. The company is continuing to struggle with the twin impacts of the 737 Max crisis and COVID-19 pandemic.

"As reported last week, drawing on our delayed draw loan term was a prudent step to increase our liquidity and ease some of the significant near-term pressures on our business. We filed an 8-K today to formally disclose that draw down," Boeing said.

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