Why Joby Aviation Stock Was Pulling Back Today

Shares of Joby Aviation (NYSE: JOBY) were moving lower today after the maker of electric vertical takeoff and landing (eVTOL) vehicles held a follow-on stock offering last night.Investors tend to dislike being diluted by additional equity offerings, and the offering also seemed to price lower than the company was aiming for.As of 10:48 a.m. ET, the stock was down 11.1% on the news.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool