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Heard on the Street Monday Recap: Grounding Forces

·1 min

Boeing Stock Rises Following CEO Departure Announcement

Boeing saw a 1.4% increase in its stock on Monday following the news of Chief Executive Dave Calhoun’s impending departure. Calhoun’s resignation is part of a larger executive shake-up at the company. This development comes in the midst of ongoing issues faced by Boeing, including a recent incident where a section of one of its aircraft became detached during flight.