Why Joby Aviation Stock Plummeted This Week
Joby Aviation (NYSE: JOBY) stock plunged over the last week of trading as investors adopted more risk-averse positions in response to macroeconomic risk factors. The electric vertical take-off and landing (eVTOL) company's share price dipped 10.1% over the stretch compared to its pricing level at the previous week's market close.
Joby Aviation suffered substantial sell-offs throughout most of last week's trading as concerns about inflationary trends and valuations for artificial intelligence (AI) companies drove big sell-offs for growth stocks. On the other hand, the company's share price saw some significant recovery in Friday's trading after investors got some good news on the interest rate front.
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Source Fool.com
