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Joby's Saudi MoU: Strong Initial Reaction Meets Market Dynamics

Joby Aviation TodayJOBYJoby Aviation7.880.15 (1.817.88 -0.15 (-1.81%) 52-Week Range4.66▼10.72PriceTarget10.72Price Target8.67Add to WatchlistJoby Aviation NYSE: JOBY shares experienced a strong upward movement in the premarket on June 3, 2025, but this momentum reversed after the market opened, potentially due to profit-taking and short selling. The stock surged over 14% in early trading as a direct response to the announcement that Joby has signed a Memorandum of Understanding (MoU) with Abdul Latif Jameel (ALJ), a prominent Saudi ...