Renaissance Technologies, Two Sigma among funds that dumped Boeing in first quarter

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Renaissance Technologies, Two Sigma among funds that dumped Boeing in first quarter
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Prices at the Pumps - May 15, 2024 #saltwire #pricesatthepumps #gaspricesNEW YORK - Renaissance Technologies, Two Sigma Investments and Arrowstreet Capital were among large firms that sold all their shares of embattled aircraft maker Boeing Co in the first quarter, according to securities filings released on Wednesday.

The U.S. Justice Department on Wednesday said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737 MAX crashes in 2018 and 2019 that killed a total of 346 people. A refrigerator-sized panel tore off a Boeing 737 MAX 9 jet operated by Alaskan Airlines in January, forcing pilots to turn back and land safely with all 171 passengers and six crew on board.

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