Boeing slides amid reports of potential stock sale

Boeing (NYSE:BA) shares fell 2.4% in premarket trading on Tuesday, hitting $148.34 after reports suggested the company is considering an equity raise to bolster its cash reserves.

According to sources familiar with the matter, the planemaker could raise at least $10 billion by selling new stock as it grapples with financial pressures from an ongoing strike.

Boeing is reportedly working with advisers to explore its financial options.

The discussions remain confidential, and sources requested anonymity.

This development follows last week’s rejection by union members of Boeing’s “best and final” pay offer, adding to the company's ongoing challenges.

Year-to-date, Boeing's share price has declined by approximately 42%, reflecting the broader impact of labor disputes and financial strain on the aerospace giant.

This potential equity raise marks a critical step as Boeing seeks to navigate these headwinds and stabilize its financial position.