Boeing Down 10.6% in a Month: Is This an Indication to Sell the Stock?

The Boeing Company's BA shares have lost 10.6% in the past month compared with the Zacks Aerospace-Defense industry's decline of 9%. BA continues to carry a significant debt burden despite ongoing efforts to reduce its leverage. While the company's balance sheet is gradually improving, its high debt levels continue to absorb financial capacity that could otherwise support investments, growth initiatives or shareholder returns.Zacks Investment Research Image Source: Zacks Investment Research Shares of other defense stocks, such as Northrop Grumman NOC and Lockheed Martin LMT, have lost 8.7% and 6.8%, respectively.