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BA

Boeing

$166.88 /

+13.65 (+8.91%)

12:24
06/03/20
06/03
12:24
06/03/20
12:24

Loeb's Third Point owns Boeing debt, not equity, CNBC reports

Dan Loeb's Third Point last month acquired Boeing debt, not shares, CNBC's Scott Wapner reports, citing a source. Shares of Boeing rallied this morning after the Third Point Offshore Fund listed Boeing as one of its monthly winners for May. The winner related to a debt position, not an equity stake, Wapner says. Shares of Boeing are off their highs but remain up 8% to $165.60 in midday trading.

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