Joby Aviation Stock Rises Again as Air-Taxi Catalyst Gets Attention
Joby Aviation shares rose 6.5% to $12.23 Thursday, valuing the company at about $11.5 billion, despite no new press release or operational update. Chief Policy Officer Gregory Bowles sold 8,088 shares last week under a pre-set plan, according to an SEC filing. Joby reported $24.2 million in Q1 revenue and a $110 million net loss. The company holds $2.5 billion in cash and targets passenger service launches later this year.