Boeing Drops 75%

Bimini Road identified a Ghost Pattern in September and again in December of 2019 that lasted 28 and 32 days respectively indicating two large selling events by insiders on Boeing stock.

The last Ghost Pattern ended in January 2020. The U.S. Government announced a global pandemic event and shortly thereafter countries around the world began restricting travel.

The price of Boeing stock along with almost all U.S. stocks began to plummet rapidly on the news beginning the first global pandemic in nearly 100 years.

Historical Timeline

September to October 2019 - Ghost Pattern captures 28 days of selling

December to January 2020 - Ghost Pattern captures 32 days of selling

February 2020 - COVID-19 Announced / Global shutdown / All air travel is restricted

Price Moves Down - Boeing Drops 75%