Boeing shares drop 5% after Trump says China would buy 200 jets
Effectively, Boeing wiped $9 billion from its market capitalization, falling from the two-month high of nearly $190 billion to $180.68 billion at the latest close. How President Xi might have led to President Trump losing $230,000 in a day Notably, the smaller order from China may also have a direct financial impact on President Donald Trump. Indeed, a May 14 filing disclosed thousands of stock trades executed by the commander-in-chiefs portfolio managers, including multiple purchases and sales of Boeing shares. The largest individual investment in BA was disclosed as taking place on February 10 and amounting to up to $5 million. Assuming the transaction was closer to the higher end of the range, the President may have seen the value of the position drop as much as $230,000 from $4.99 million on May 13 to $4.76 million 24 hours later. Still, it is equally possible the commander-in-chief was fully divested by March 17, as the upper range of the day‘s transactions’ reported size – $1 million – is the same as the lower bound of the biggest purchase. Between February 10 and March 17, BA stock moved 13.10% lower, meaning it could have turned the initial potential $1 million stake into $869,000. The post Boeing shares drop 5%