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Joby Aviation (NYSE:JOBY) volume surges as shares stay under key 2026 financing levels
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Joby Aviation (NYSE:JOBY) volume surges as shares stay under key 2026 financing levels
Joby Aviation plunged 4.6% to $8.86 on heavy volume, trading 22% below its February equity-sale price and 11% below Delta’s first warrant exercise price, as about 13.6% of its public float changed hands in under two sessions, with the selloff occurring despite Joby’s $2.47 billion cash and investments covering at least 12 months of needs.
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