In front of the President Donald Trump the long-awaited and one-stop trip to China, Boeing (NYSE: BA) stock rose steadily with the strongest rally of over 8% between May 4 and May 13.
One of the reasons for holding this meeting was that East Asia was he says considering an order for 500 jets from the American aerospace giant, but prospects turned sour by Thursday, May 14.
In particular, as it happened at the meeting, the People’s Republic agreed to buy 200 Boeing airplanes – 300 less than the expected reduction of 60% – although President Trump emphasized that. Fox news that the agreement covers ‘200 big.’
The move led to a sharp drop in BA shares, with the stock losing 4.73% in the most recent session and 1.31% to $226.20 on Friday, May 15, in premarket trading.
Instead, Boeing shaved $9 billion off its market value, falling from a two-month high of about $190 billion to $180.68 billion recently.
How President Xi could make President Trump lose $230,000 a day
In particular, a small order from China could have a financial impact on President Donald Trump.
Indeed, a reservation for May 14th to be revealed thousands of transactions made by senior executives, including multiple purchases and sales of Boeing shares.
The largest single payout in BA was announced to take place on February 10 and reach up to $5 million.
Assuming the job was near the high end, the President could see the cost of the position drop to $230,000 from $4.99 million on May 13 to $4.76 million 24 hours later.
However, it is also possible that the warlord was captured by March 17, since the amount of transactions that day – $ 1 million – is the same as the most purchased.
Between February 10 and March 17, BA’s stock fell by 13.10%, meaning it would have turned an initial investment of $1 million into $869,000.
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