Joby Aviation (JOBY) Loses 16.68% on Fresh Billion-Dollar Fundraising Initiative

We recently published 10 Stock Titans With Massive Losses. Joby Aviation Inc. (NYSE:JOBY) was one of the worst performers on Thursday. Joby Aviation declined by 16.68 percent on Thursday to close at 11.14apieceasinvestorsdigestedthepotentialdilutionofexistingsharesfollowingplanstoraise 11.14 apiece as investors digested the potential dilution of existing shares following plans to raise  1.38 billion in fresh funds from the issuance of convertible senior notes and new stocks. In a statement, Joby Aviation Inc. (NYSE:JOBY) said that it plans to offer $690 million from the issuance of conver ...

Joby Aviation (JOBY) Loses 16.68% on Fresh Billion-Dollar Fundraising Initiative - Reportify