Boeing's latest production issues come after a rally for the stock dating back to October.
Boeing was ripe for a pullback even before Thursday's reveal of a delivery halt for one of its planes, according to traders on CNBC's " Fast Money ." The Federal Aviation Administration told CNBC on Thursday that the aerospace giant had temporarily halted deliveries of its 787 Dreamliner. That will likely put pressure on the stock while the issue is being resolved, said "Fast Money" trader Guy Adami.
My sense is you're going to start to see some analysts downgrade this, maybe on valuation. … I think it probably goes lower from this $202 level we're seeing right now," Adami added. In extended trading, shares slumped nearly 3% to about $202. BA 6M mountain Boeing has rallied since the end of September.
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