Why Did Joby Aviation Stock Fall Below $10?
When a high-growth stock drops below a psychological price level, like $10, investors naturally ask the same question: Has something gone wrong? In the case of Joby Aviation (NYSE: JOBY), the answer isn't as straightforward as many investors think.
The company hasn't reported a major operational setback. It continues to make progress toward commercializing its electric flying taxis, remains well-funded, and still expects to begin carrying passengers in 2026. So why has the stock fallen?
The answer has less to do with Joby Aviation's business and more with changes in investors' expectations.
Source Fool.com
