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Joby Aviation (JOBY) Gets Beaten by Discounted Share Sale

We recently published 10 Stocks Taking a Nosedive. Joby Aviation Inc. (NYSE:JOBY) is one of the worst performers on Wednesday. Joby Aviation fell by 8.14 percent on Wednesday to end at 17.37apieceasinvestorsentimentwasdampenedbyplanstoraise17.37 apiece as investor sentiment was dampened by plans to raise 513.9 million in fresh funds from a discounted share sale. In a statement, Joby Aviation Inc. (NYSE:JOBY) said it issued 30.5 million new shares at a price of 16.85apiece,a10percentdiscountfromthe16.85 apiece, a 10-percent discount from the 18.91 closing price on Tuesday, the same day it an ...