Joby Aviation Stock Stalls After Public Offering
Joby Aviation Inc (NYSE:JOBY) stock is 13.3% lower to trade at $5.24 after the electric air taxi company priced an underwritten public offering of 40 million shares at $5.05 per share. JOBY is pacing for its worst single-session percentage drop since July 2023, and is now down 22% in 2024, though there's support from the $5.10 level in place.
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Why Joby Aviation Stock Is Losing Altitude TodayJoby shares are falling after the company announced a $200 million secondary offering. The deal would expand the share count and is priced at a discount. For long-term holders, the added cash is a ...
The deal range was $5.00-$5.15. Morgan Stanley and Allen & Co. acted as joint book running managers for the offering. Published first on TheFly – the ultimate source for real-time, market-moving ...
The Federal Aviation Administration this week recognized a new kind of aircraft, opening a regulatory door to electric “air taxis” and issuing a final rule for operating the aircraft and how to train ...
SoFi Technologies, Tesla, Capri Holdings, Joby Aviation and Deckers Outdoor are the top five trending tickers on Stocktwits ...
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