Both the S 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) are heading in positive directions for the first full trading week of August. Shares of Joby Aviation (NYSE: JOBY), however, are off to a high-flying start. With the electric vertical takeoff and landing (eVTOL) stock announcing a new acquisition, investors are enthusiastic about landing shares of Joby in their portfolios.

As of 10:46 a.m. ET, shares of Joby have risen 14.4%.

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Source Fool.com