Why Joby Aviation Crushed the Market Today
JOBYJoby Aviation(JOBY) The Motley Fool·2024-10-23 06:41

U.S. federal authorities provided quite a significant lift for the company with a set of new standards and regulations.The U.S. federal government provided quite a strong tailwind for Joby Aviation (JOBY 12.57%) on Tuesday, and thanks to that, the company's shares gained quite a bit of altitude that day. They climbed nearly 13% higher in price on the news, and in doing so, they trounced the essentially flat-lining S&P 500 index.A monster lift from the FAAThat day, the Federal Aviation Administration (FAA) i ...