Shares of Boeing Co. tumbled $9.77, or 3.7%, in afternoon trade Wednesday, enough to make it the biggest percentage decliner among Dow Jones Industrial Average components, as better-than-expected third-quarter results couldn’t support the recent sharp run up. The percentage decline would be the biggest in 16 months, while the price decline would be the second-biggest in the stock’s history, behind only the $11.43 plunge suffered on Jan. 27, 2016. “After last quarter’s barnstormer, Boeing’s 3Q result is relatively dull,” said analyst Robert Stallard, at Vertical Research Partners. The stock had shot up 9.9% on July 26, after Boeing reported second-quarter earnings that were well above estimates, although revenue came up a bit shy. The stock has been on a tear, soaring 25% over the past three months through Tuesday’s record close of $266. The stock has still run up 64.5% year to date, the best performer this year among Dow components, while the Dow has climbed 17.8%.
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