Boeing stock plunges on report of SEC accounting probe

AP News
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Posted: Feb 11, 2016 12:35 PM

NEW YORK (AP) — Shares of the Boeing Co. plummeted Thursday morning after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting.

Shares of the Chicago-based company fell more than 10 percent after Bloomberg News published a report shortly after 10:30 a.m. The report said the SEC was looking into the cost and sales forecasts related to the 787 Dreamliner and 747.

Asked for comment, Boeing spokesman Chaz Bickers told The Associated Press "we typically do not comment on media inquiries of this nature."

In afternoon trading, Boeing shares fell $13.01, or 10.2 percent, to $103.35. The previous biggest one-day drop occurred on Jan. 27 of this year when the shares fell $11.43.