Joby Stock Takes Flight After Deal With Blade Air Mobility

Shares of Joby Aviation Inc (NYSE:JOBY) soared this morning after the company announced its acquisition of fellow aviation name Blade Air Mobility's (BLDE) helicopter ride-share business for $125 million. Joby will leverage its emerging electric aircraft technology into the newly acquired network, which includes terminals in New York and New Jersey. At last look, JOBY is up 16.8% to trade at $20.04, after earlier hitting an all-time high of $20.45. The equity is bouncing off the $16 level and now sports an ...