Joby Aviation slips after Toyota JV filing points to modest launch, possible $250 million add-on
Joby Aviation, Inc. slipped in early-afternoon Thursday, erasing its earlier gains from news of the Toyota manufacturing joint venture. Shares were near session lows, trailing the overall market. Shares last changed hands at $8.445, off 4.5% on the day, after moving between $8.44 and $9.085. Around 38 million shares traded. Market value stood near $7.96 billion. The SPDR S&P Transportation ETF slipped 0.9%. The SPDR S&P 500 ETF Trust fell 0.7%.