Joby Aviation (JOBY) Stock Declines Nearly 3%, Trading Below $6 on NYSE
NEW YORK – Shares of electric aircraft developer Joby Aviation Inc (JOBY) faced downward pressure during midday trading on Thursday, April 11th, slipping further below the $6 mark on the New York Stock Exchange (NYSE).
As of 12:59 PM UTC-4, Joby Aviation stock was trading at 0.16 for the session, equating to a decline of -2.74%.
The intraday chart for JOBY shows the stock trading consistently below its previous closing price of $6.02 throughout the morning and into the afternoon. After an initial drop near the market open, the shares saw some choppy recovery attempts but remained firmly in negative territory, trending towards the upper end of its recent range just before 1:00 PM but still significantly down for the day.
Investors are observing JOBY’s performance as it trades well off its prior closing level on the NYSE, reflecting selling pressure in the electric vertical take-off and landing (eVTOL) sector stock.
