How much Boeing stock is down since Jim Cramer said it's ‘their year'

Core Viewpoint - Boeing's stock has faced significant declines in 2024, primarily due to quality control issues and an emergency incident involving one of its aircraft, raising concerns about the company's operational reliability [2][3]. Group 1: Stock Performance - Jim Cramer recommended investing in Boeing on November 28, 2023, when shares were priced at $222.37, predicting a positive outlook for 2024 [1]. - Since Cramer's recommendation, Boeing's stock has fallen by approximately 18% to a current price of $182.35 [3]. - Traders who bought at Boeing's December peak of $264.27 are down 31% [3]. - Year-to-date, Boeing shares are down 27.57% [4]. - In the last 30 days, the stock has decreased by 10.34% and by 9.14% on a weekly basis [6]. Group 2: Quality Control Issues - An emergency landing of Alaska Airlines Flight 1282 in 2024, involving a Boeing 737 MAX 9, reignited concerns about Boeing's quality control, reminiscent of the 2019 Ethiopian Airlines crash [2]. - The 2019 crash, which resulted in 157 fatalities, was attributed to known issues that Boeing had been slow to address [2]. - Following the 2024 incident, several aircraft deliveries were postponed, numerous planes were grounded, and lawsuits were filed against Boeing [2]. Group 3: Market Position - Boeing is one of only two major aircraft manufacturers globally, alongside Airbus, making its operational issues particularly impactful on the industry [2].