Stock Market Today, Jan. 29: Joby Aviation Falls After Announcing $1.2 Billion Stock and Convertible Note Offerings

Joby Aviation (NYSE:JOBY), a developer of electric vertical takeoff and landing (eVTOL) aircraft for air taxi services, closed Thursday at 11.13,down16.7211.13, down 16.72%. The stock moved lower after Joby priced upsized concurrent stock and convertible note offerings around 1.2 billion. Investors are watching how the enlarged capital raise and dilution shape funding for certification and commercial launch plans. Trading volume reached 145.5 million shares, about 475% above its three-month average of 25.3 million share ...