Boeing shares fall after halting airplane deliveries

24.02.2023

Shares of Boeing BA, +1.15% fell 3% as the aircraft maker halted deliveries of the 787 Dreamliner. The Federal Aviation Administration said deliveries have been temporarily halted as Boeing conducts additional analysis of the fuselage component.

Shares of Beyond Meat BYND, +0.23% jumped 14% after the company reported a lower-than-forecast loss. Analysts at Mizuho Securities USA say the new strategy, which narrows to the channels and segments that resonate most with consumers, could provide a better foundation for multi-year revenue growth.

Shares of Block SQ, +1.66% rose 7% as the payments company, formerly Square, projected earnings.

Shares of Cinemark Holdings CNK, +2.51% fell 6% after the movie theater operator reported a larger-than-expected fourth-quarter loss, though revenue beat forecasts.

Shares of Nektar Therapeutics NKTR, -1.66% fell 30% after the lupus study failed to reach its primary endpoint, and the company said partner Eli Lilly LLY, -0.47% will not proceed with the Phase 3 study.

Shares of Sweetgreen SG, -4.72% fell 9% after the salad-focused fast-food restaurant chain reported a fourth-quarter loss that came in above analysts’ estimates.