Why Joby Aviation Stock Sank This Week
Joby Aviation(JOBY) The Motley Fool·2024-12-16 20:00
Did Joby Aviation investors focus on the wrong news this week?Joby Aviation (JOBY 1.97%) stock lost ground across the last week of trading. The electric flying vehicle company's share price closed out the stretch down 12% from the previous Friday's market close, according to data from S&P Global Market Intelligence.Joby Aviation fell this past week following news that the company had entered into an agreement to sell new stock amid a broader valuation pullback for speculative stocks. But while its share pri ...