Boeing Stock Slides on 737 MAX Software Flaw Reversal

Boeing stock plummeted by 2.7% in pre-open trading after concerns about a software flaw on its 737 MAX aircraft resurfaced over the weekend.

The glitch, which can cause an automated navigation feature to fail during certain landing procedures, has reignited worries about Boeing's safety record and regulatory standing.

The FAA is currently assessing the problem and will review Boeing's proposed software fix before taking any corrective action.

JPMorgan defended its bullish stance on the stock, reiterating an Overweight rating and a $290 price target, but investors remained cautious due to ongoing labor negotiations with SPEEA, the union representing Boeing engineers and technical workers.