Boeing (NYSE:BA) Co DOWN 1.08% AT 232.93
Aerospace company Boeing (NYSE:BA) Co was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland (NYSE:ADM) Co offered a more general accounting, saying its board was 55% diverse.
Illinois officials have seen the range of responses from local companies – many with international profiles – to new state requirements they identify the gender and race or ethnicity of each board member. The regulators say they are going to push all to be more like Boeing.
Companies, investors and elected officials will watch closely what happens next with the state’s rare requirement for director-by-director declarations.
Other say fewer specific disclosures protect directors’ privacy, but even those plans face opposition. Some Republicans have called for regulators to reject a Nasdaq Inc proposal to ask for the number of directors by gender, race and ethnicity – without any names.
State Representative Chris Welch, speaker of the Illinois House of Representatives, proposed what became the 2019 Illinois law on board diversity reporting. “You can’t go wrong with more data,” said Welch, who is Black.
On technical fronts Boeing (NYSE:BA) Co RSI stood at 43.38 and currently stock is trading Below All Moving Averages. So, SELL position can be taken with following target and stoploss.
TRADE SIGNAL -: Boeing (NYSE:BA) Co – SELL: 232.93, TARGET: 222.09, STOP LOSS: 244.79