StartupsThe Motley Foolabout 2 hours ago
Why Joby Aviation Stock Plummeted Today
1 min read
Joby Aviation's stock fell 14.3% in Friday's trading session. The share price dropped to $9.55, down from $10.93. The company's market cap fell to $9.3 billion and trades at 84 times 2026 expected sales. Stronger-than-expected job growth in May raised concerns about economic slowdown and growth stock valuations.
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