On July 29, Boeing fell 3.2% in regular trading, trading at $213.9/share, with turnover of $259 million. The decline came one day after shares surged over 5% following the release of Q2 earnings, suggesting notable profit-taking.

On the news front, Goldman Sachs cut its Boeing target price from $293 to $277 while maintaining a Buy rating, and Royal Bank of Canada lowered its target from $275 to $265. Additionally, the Indian government announced it is conducting further inspections on Boeing's thrust control module, reigniting safety concerns. These headwinds offset the positive sentiment from Q2 results, which showed revenue of $24.56 billion (up 8% YoY), adjusted free cash flow of $631 million versus expectations of negative $331 million, and a record backlog of $715 billion.

Boeing designs, develops, manufactures, and services commercial jetliners, military aircraft, satellites, and space systems worldwide, operating through Commercial Airplanes, Defense Space and Security, Global Services, and Boeing Capital segments.

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