Why Joby Aviation Stock Is Soaring Today
Shares of Joby Aviation (NYSE: JOBY) are rising on Monday, up 11.6% as of 3:41 p.m. ET. The jump comes as the S 500 and Nasdaq Composite were up 0.4% and 0.5%, respectively.
Joby, which develops electric vertical-takeoff-and-landing (eVTOL) aircraft, announced that it had completed a series of important test flights in Dubai.
On Monday, Joby announced that it had completed a series of wingborne flights with its eVTOL airtaxi in Dubai. The flights are a first in the United Arab Emirates and mark an important milestone in the company's quest to bring an eVTOL airtaxi service to the country.
Source Fool.com
